What are the limitations of goal setting?
What will be an ideal response?
Answer: If people lack relevant ability and knowledge, a better course might be simply to urge them to do their best or to set a goal to learn rather than a goal to achieve a specific performance level. Individual performance goals can be dysfunctional if people work in a group and cooperation among team members is essential to group performance. Goals aimed at maximizing individual performance can create competition and reduce cooperation, thereby hurting group performance. Goals can generate manipulative game-playing and unethical behavior. In addition, people who are not on track to meet their goals are more likely to act unethically than are people who are trying to do their best but have no specific performance goals. Productivity goals will likely enhance productivity, but they may also cause employees to neglect other areas, such as learning, tackling new projects, or developing creative solutions to job-related problems.
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Under the direct charge-off method of dealing with uncollectible accounts,
a. revenues and expenses are properly matched. b. Accounts Receivable is shown on the balance sheet at net realizable value. c. Uncollectible Accounts Expense is recorded in the period of the sale. d. no Allowance for Uncollectible Accounts exists.
Lacourse Inc.'s inspection costs are listed below: Units ProducedInspection CostsJanuary647$15,309February724$15,965March694$15,715April645$15,271May696$15,745June665$15,442July718$15,933August699$15,739 Management believes that inspection cost is a mixed cost that depends on units produced. Using the least-squares regression method, the estimate of the variable component of inspection cost per unit produced is closest to:
A. $8.27 B. $8.78 C. $22.80 D. $8.82
Which of the following items is included in the partnership agreement?
A) age of each partner B) duties of each partner C) citizenship of each partner D) net worth of each partner
Moral idealism refers to a personal moral philosophy that
A. follows the "Golden Rule," which is "You should treat others as you would like others to treat you." B. considers individual rights or duties as universal, regardless of the outcome. C. believes in "the greatest good for the greatest number." D. all human beings are basically good. E. believes that good will always triumph over evil.