How will establishing a clear vision and concrete goals help the team reach their goals?
A) By reminding the team why the work is important.
B) By helping others feel pride in their work
C) By displaying an understanding of the emotions of team members.
D) By acknowledging the frustrations of team members
E) By making it possible for team members to succeed.
Answer: A
Explanation: A) The best teams share a concrete goal and vision for success. Success may mean that the organization will better understand the competition or that each team member will receive a bonus. If team members lose sight of the goal, remind them of their vision for success and why it is important.
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In periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to current cost is the
A. FIFO method B. LIFO method C. average-cost method D. tax method
Gerentology Associates, a highly profitable company, is considering two growth strategies, one that
will achieve sales growth of 20% in one year, and the other that will achieve 20% growth in sales, but over a 4-year time frame. Assuming Gerentology Associates uses the percent of sales method, which of the following statements is true? A) Discretionary financing needed could be much greater for the slow growth strategy because interest charges will accumulate on the company's debt. B) The asset balances at the end of 4 years for strategy two will be much greater than the asset balances required at the end of year one for strategy one. C) Discretionary financing needed will be much greater for the 4-year growth strategy. D) Discretionary financing needed could be much less for the 4-year growth strategy due to retained earnings.