Managers need to ________ so that employees will discuss problems in meeting goals, rather than resorting to unethical and possibly illegal behavior.
A. keep the lines of communication open
B. maintain accurate records of employee performance results
C. incentivize employees to achieve goals at all costs
D. penalize employees for failure to achieve goals
E. lavishly reward high achievers
Answer: A
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Coalitions form all the time-between family members, in political organizations, and within and across businesses. Yet in each of these contexts, the fundamental dynamic is the same. What is that dynamic?
What will be an ideal response?
Identify the choice that best answers the question. Which statement is incorrect?
A) I work for Odette Clark, M.D. B) I work for Dr. Odette Clark. C) I work for Dr. Odette Clark, M.D.
Projects C and D both have normal cash flows and are mutually exclusive. Project C has a higher NPV if the cost of capital is less than 12%, whereas Project D has a higher NPV if the cost of capital exceeds 12%. Which of the following statements is CORRECT?
A. Project D is probably larger in scale than Project C. B. Project C probably has a faster payback. C. Project C probably has a higher IRR. D. The crossover rate between the two projects is below 12%. E. Project D probably has a higher IRR.
For many years, Oxmoor Corporation has used a straightforward cost-plus pricing system, marking its goods up approximately 20% of total cost. The company has been profitable; however, it has recently lost considerable business to foreign competitors that have become very aggressive in the marketplace. These firms appear to be using target costing.An example of Oxmoor's woes is typified by item no. 710, which has the following unit-cost characteristics: direct materials, $50; direct labor, $90; manufacturing overhead, $40; and selling and administrative expenses, $20. The going market price for an identical product of identical quality is $210, which is below what Oxmoor is charging.Required:A. Contrast cost-plus pricing and target costing.B. What is Oxmoor's current selling price for item
no. 710?C. If Oxmoor used target costing for item no. 710, what must happen to costs if the company desired to meet market prices and maintain its current rate of profit on sales? By how much? What will be an ideal response?