Question

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 = Owner’s Equity
   		Assets – Noncurrent Assets = Liabilities
   		Assets = Liabilities + Investments by Owners
   		Assets = Liabilities + Owner’s 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

Answer 1

8) To motivate and encourage employees.

Leading is the third step that is accomplished by communicating, motivating, inspiring, and encouraging employees towards a higher level of productivity.

9) Shows changes over time .

Trend analyses is very useful for comparative analysis of date in order to measure the financial performances of firm over a period of time and which helps the management to take decisions for the future i.e. it helps to predict the future.

10) DIVERSITY

Diversity skills are the skills necessary to be flexible and accommodating to multiple lifestyles and needs, and to accept the viewpoints and expertise that different people bring to the work environment.

11) Statement c ,is incorrect.

Accounting transaction might not have internal and external aspect to it everytime, as when calculating salary of emplyees, or a depreciation of a certain assets. These are only internal transactions, without any involvement of external entity.

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