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QUESTION 8 The primary purpose of the leading function of management is to ___________? Analyze progress and determine if a course correction is necessary Motivate

QUESTION 8

  1. The primary purpose of the leading function of management is to ___________?

    Analyze progress and determine if a course correction is necessary

    Motivate and encourage employees

    Set up a structure and job responsibilities

    Determine a course of action

3 points

QUESTION 9

  1. Which of the following statements about trend analysis charts is TRUE

    Usually adds to 100%

    Shows changes over time

    Show relative value of categories arranged from highest to lowest

    Valuable for visualizing a vertical analysis

3 points

QUESTION 10

  1. _____ skills refer to a manager's ability to operate in diverse cultural environments.

    Global management

    Human relations

    Professional

    Diversity

3 points

QUESTION 11

  1. An accounting event must satisfy all of the following criteria EXCEPT

    It must impact an entity's assets, liabilities and/or owners equity

    It is must be measurable in monetary terms

    It must involve an internal and external transaction

    It must be specific to an entity

3 points

QUESTION 12

  1. When conducting a vertical analysis on a balance sheet and utilizing the common-size percentage formula, the "base amount" used for calculating the liabilities is:

    Total liabilities and stockholders equity

    Total stockholders equity

    Total liabilities

    Total Current Liabilities

    None of the above

3 points

QUESTION 13

  1. A logistics professional setting yearly and monthly goals for their department is engaging in which management function?

    Planning

    Organizing

    Leading

    Controlling

3 points

QUESTION 14

  1. Which type of planning sets the goals and objectives for the long term, usually more than 1-5 years into the future?

    Tactical

    Operational

    Strategic

    Contingency

3 points

QUESTION 15

  1. The accounting equation is expressed as ________.

    Assets + Liabilities = Owners Equity

    Assets Noncurrent Assets = Liabilities

    Assets = Liabilities + Investments by Owners

    Assets = Liabilities + Owners Equity

5 points

QUESTION 16

  1. Manila Water, the provider of the water and sewerage services in the capital of the Philippines has purchased the government owned water and sewerage system for the entire country. It promises to make the nation's water and sewerage system run as efficiently and profitably as the one it operates in Manila. Its primary challenge will be the management function of ____ because it needs to convince the 2,000 employees it inherited from the government-owned facility to work more efficiently.

    organizing

    controlling

    leadership

    planning

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