Encouraging words said by senior management help to avoid complacency.
Answer the following statement true (T) or false (F)
False
Common reasons for complacency include too much happy talk from senior management. To stop complacency and create urgency, a manager can talk candidly about the organization's weaknesses compared with competitors, backing up statements with data. Other tactics include setting stretch goals, putting employees in direct contact with unhappy customers and shareholders, distributing worrisome information to all employees instead of merely engaging in management happy talk, and eliminating excessive perks.
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At December 31, 2016, the accounting records of Tasty Foods Corporation contain the following: Accounts payable $16,000 Accounts receivable $40,000 Land $240,000 Cash ? Capital stock ? Equipment $120,000 Building $180,000 Notes payable $190,000 Retained earnings $160,000 If capital stock is $260,000, what is the December 31, 2016 cash balance?
a. $46,000 b. $506,000 c. $94,000 d. $86,000
Like sales revenue, cost of goods sold represents an inflow of assets
a. True b. False Indicate whether the statement is true or false
Today, corporations need to make sure that they are good corporate citizens and that their consumer messages are honest in order to positively align themselves with consumers' views of ________
A) others B) organizations C) themselves D) the universe E) society
Costs associated with the materials and labor required to make each unit of a product are called
________. A) variable costs B) sunk costs C) switching costs D) fixed costs