Doclaura

The financial statement that reports assets, liabilities, and owners' equity is the - ANS balance sheet If liabilities total $150,000 and owners' equity totals $50,000, the assets must total - ANS 200,000 Compute net income: Sales revenue $10,000, Wage expense $4,000, Accounts payable $1,000 and Utilities expense $2,000 - ANS 4,000 Compute total assets: Cash $10,000, Accounts receivable $3,000, Accounts payable $4,000, and Equipment $20,000 - ANS 33...

What should you tell your friend about the presence of accounting standards in the US compared to the rest of the world? Who has the authority for standard setting? Who has responsibility? - ANS SEC but it is delegated to private sector What is the economic and political environment in which standard setting occurs? - ANS What is the relationship among management, auditors, investors and creditors that tends to preclude the "What would you like it to be?" attitude? -...

What is power and Influence - ANS 1. the control over resources 2. The extent to which other people depend on a person 3. power is an inverse function of dependecy What type of influence is position power? - ANS Formal Influence What types of power or position power? - ANS 1. Legitimate Power 2. Coercive Power 3. Reward Power What is legitimate Power? - ANS authoritative What is coercive power? - ANS ability to punish What is reward powe...

Gabriella is writing a professional report about the trends occurring in a specific industry. What source would provide Gabriella with the most relevant, up-to-date information? A) Trade publications B) Online message board C) Mailing lists D) Archived government periodicals - ANS A) Trade publications It is important for employees to apply written directions in the order they are presented to A) formulate plans. B)correct mistakes. C) prioritize daily tasks. D) perform ta...

The competencies a leader needs to effectively manage an organization and carry out organizational goals are called ______ skills. - ANS administrative Leadership skills can be combined into three groups: ______. - ANS administrative, interpersonal, and conceptual A manager replaces old computers in their team. This is an example of ______. - ANS managing resources Technical competence is sometimes called which of the following? - ANS functional competenc...

Which THREE are the most common elements of effective prose? - ANS uses conventions of Standard English spelling and grammar usually has longer texts that follow logical organizations or common plot structures uses words mainly based on denotation to give clear ideas or events The connotation of the word money in this sentence could mean ______. My uncle has money. - ANS wealth The denotation of talkative in this sentence is ____. My sister is talkative. - ANS t...

Individual Team Organization - ANS Three Basic Levels within the organization Derailers - ANS -insensitivity to others -poor working relations -inability to build or lead a team -authoritarianism -inability to change and adapt Human Relations Movement - ANS proposed that better human relations could increase worker productivity McGregor's Theory X - ANS assumes people dislike work, lack ambition, act irresponsibly, and prefer to be led Mcgrego...

Motivation - ANS the psychological processes that underlie the direction, intensity, and persistence of behavior or thought P=AxMxO - ANS Performance equal ability times motivation times opportunity Need Based theory of motivation - ANS People are motivated by the desire to fulfill unmet needs Job Design-related motivation - ANS focuses on design of job having implications for improved satisfaction, motivation and performance and reduced absenteeism, turn...

________________ and _________________ are the engines of human performance - ANS motivation, engagement total rewards - ANS the sum total of all the things in the work experience that affect an employee motivation - ANS psychological (and physiological) processes that underlie the direction, intensity, & persistence of behavior or thought Fundamental "equation" regarding performance - ANS P=AxMxO (p=performance, a=ability, m=motivation, o=opportuni...

Basic levels within the organization - ANS individual, team, organization level Derailers - ANS -insensitivity to others -poor working relations -inability to build or lead a team -authoritarianism -inability to change and adapt Human relations movement - ANS -increasing numbers of studies/writings from behavioral scientists focusing on the "human" factor -collective bargaining legalized in 1935; management looking for other ways to manage workforce M...

Trait Approach - ANS attempts to identify personality characteristics or interpersonal attributes that can be used to differentiate leaders from followers Narcissism - ANS having a self-centered perspective, feelings of superiority and a drive for personal power and glory Machiavellianism - ANS use of manipulation, a cynical view of human nature (e.g. all lie to get what they want) and a moral code that puts results over principles Psychopathy - ANS chara...

- ANS the process of providing direction & influencing individuals or groups to achieve goals Leadership Vs Management - ANS NEXT TWO Management - ANS -Focused more on the current -Promotes stability and efficiency " "skills: -Planning -Organizing -Analytical thinking -Communicating/informing "Keeps the trains running on time" Leadership - ANS Focused more on the future Promotes change and adaptation skills: Stra...

correlated interpersonal attributes - ANS - Extraversion, emotional intelligence, agreeableness, communication skills (all +) - Narcissism, Machiavellianism, psychopathy (all -). Management - ANS more content based with critical and analytical thinking leadership - ANS focused more on future with promoting change and innovation Managerial grid - ANS concern for people vs. concern for production Path-Goal Theory - ANS A theory that states that ...

Leadership - ANS The process whereby an individual influences a group of individuals to achieve a common goal. Positively correlated task attributes - ANS Intelligence, openness to experience, conscientiousness, emotional stability. Correlated interpersonal attributes - ANS Extraversion, emotional intelligence, agreeablenexx, communication skills (all +). Narcissism, Machiavellianism, psychopathy (all -) Management vs Leadership - ANS Management: Focuses ...

Three Basic Levels in an organization - ANS Individual, team, org Context of Strategy - ANS Always keep org's strategic objectives in mind Derailers - ANS Anything that takes away from the strategical goals (-insensitivity to others -poor working relations -inability to build or lead a team -authoritarianism -inability to change and adapt) Human Relations Movement - ANS Proposes that better human relations can increase worker productivity McGreg...

Definition of Leadership - ANS a process whereby an individual influences a group of individuals to achieve a common goal Leadership vs. Management - ANS Leadership: - Focused more on the future - Promotes change and adaptation Leadership skills: Strategic thinking, Conceptual thinking, Innovation/creativity, Inspiring - "Decides where the tracks should be placed" Management: - Focused more on the current - Promotes stability and efficiency - Man...

What is organizational culture? - ANS The set of shared, taken-for-granted implicit assumptions that a group holds and that determines how it perceives, thinks about, and reacts to its various environments (AKA "What it's like to be a member of this organization" Four Primary Functions Of Culture - ANS Give members and organizational identity, facilitate collective commitment, promote social system stability, and promote understanding of the organizational Values -...

Leadership - ANS a process whereby an individual influences a group of individuals to achieve a common goal Management vs. Leadership - ANS Management: - Focused more on the current - Promotes stability and efficiency Leadership: -Focused more on the future -Promotes change and adaption Management skills vs Leadership skills - ANS Management skills: -Planning -Organizing -Analytical thinking -Communicating/Informing Leadership Skills -Strategi...

Leadership - ANS social influence process in which the leader seeks the voluntary participation of subordinates in an effort to reach organizational goals Leader Trait - ANS physical/personality characteristic differentiating leaders/followers. Intelligence, Dominance, Self-confidence, Level of energy/activity, Task-relevant knowledge Implicit Leadership Theory - ANS people have beliefs about how leaders should behave and what they should do for followers Leaders...

Leadership - ANS The process whereby an individual influences a group of individuals to achieve a common goal. Positively correlated task attributes - ANS Intelligence, openness to experience, conscientiousness, emotional stability. Correlated interpersonal attributes - ANS Extraversion, emotional intelligence, agreeablenexx, communication skills (all +). Narcissism, Machiavellianism, psychopathy (all -) Management vs Leadership - ANS Management: Focuses ...