| Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be provided in addition to the annual raise, if productivity goals are reached. Assuming the goals are reached, how much will Baldwin pay its employees per hour? | | Select: 1 | | $28.22 | | $29.63 | | $28.15 | | $31.04 |
|
Chester's turnover rate for this year is 6.30%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Chester plans to spend an additional $500 beyond the extra amount above the $1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost be for Chester next year? | | Select: 1 | | $203,947 | | $172,570 | | $156,882 | | $188,259 |
|
It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday?s stock price ($36.35) and leverage changes to 2.7. Which of the following statements are true? Select all that apply. | | Select: 3 | | Equity will be $83,564,901 | | Chester will issue stock totaling $2,726,250 | | Total Assets will rise to $218,264,357 | | Total liabilities will be $120,639,905 | | The total investment for Chester will be $206,931,056 | | Working capital will remain the same at $15,998,540 |
|
On the income statement, which of the following would be classified as a variable cost? | | Select: 1 | | Depreciation Expense | | Direct Material Expense | | Promotion Expense | | R&D Expense |
|
This year Andrews achieved an ROE of 17.6%. Suppose the Board of Directors of Andrews mandates that management take measures to decrease financial Leverage (Assets/Equity) next year. Assuming Sales, Profits, and Assets remain the same next year, what effect would you expect this new Leverage policy will have on Andrews's ROE? | | Select: 1 | | Andrews ROE will increase | | Andrews ROE will remain the same | | Andrews ROE will decrease |
|
Your company is fairly progressive and has started to use peer-evaluations in the performance evaluation process with the idea that nobody knows team members? behaviors better than the team. Each individual completes a self-evaluation and then one evaluation on each member of the team. The overall average is used to calculate performance grades for each team member. Dave, one of your teammates is not fond of Sherry; in fact it?s fair to say he?d rather work with anyone but Sherry. They are both good performers but Dave confides in you that he?s afraid she will give him poor ratings. Anticipating this likelihood, Dave tells you that he feels like he has no other choice but to provide Sherry with lower ratings so as to counteract the effect of her lower ratings of him. Which of the following actions would be most helpful to Dave in promoting an ethical choice? | | Select: 1 | | Tell Dave that although you appreciate his candor, you now have no other choice but to contact your boss about the situation. | | Tell Dave that lying is never the answer especially since he doesn?t know for sure that Sherry will behave as he fears. | | Call your company?s confidential ethics hotline to inform senior management that people are abusing the performance management system. | | Ask Dave to consider other potential options regardless of whether he is right or wrong about Sherry. |
|
The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summary of the sources and uses of cash (sources of cash are added, uses of cash are subtracted). Please answer which of the following is true if Baldwin's inventory goes up: | | Select: 1 | | It is a source of cash, and will be shown in the investing section as an addition. | | It is a use of cash, and will be shown in the investing section as a subtraction. | | It is a source of cash and will be shown in the operating section as an addition. | | It is a use of cash, and will be shown in the operating section as a subtraction. |
|
You have realized that a report your team authored, and which is now sitting on the desk of the CEO, contains several significant errors. What is the most effective way to deal with this situation? | | Select: 1 | | Inform your manager or team leader of the errors so he or she can resolve the problems. | | Discuss the errors directly with your teammates and then create a plan to fix the report. | | Discuss with your team about how to avoid making the same errors in the future. | | Determine the severity of the errors to see if anything should be done. |
|
Your team is struggling with the quality of discussions during team meetings. Much of the difficulty stems from how conversation flows among team members. Which of the following actions would be most likely to enhance the overall quality of your team?s discussions? | | Select: 1 | | Create more flexibility by allowing team members with more to say determine the direction of the discussions. | | Encourage team members to build upon comments and questions that others have already voiced. | | Before each meeting, create a sequence that indicates when each person should speak. | | Organize team discussions by allowing team members with more project experience speak first. |
|
| As the VP of warranty claims in the Andrews Company, you and your team regularly review your insurance broker emails as a procedure to guard against insurance fraud. This review includes reviewing the emails of other VPs. You just received a call from your boss who was furious that you reviewed her email. You responded that she is not alone; you review all emails of licensed brokers as matter of compliance. She demands you no longer review her emails remarking, "If you can?t trust me, then we?re in trouble." Who are the stakeholders for which you have primary obligations? | | Select: 1 | | You, your boss, and the firm | | Your boss, the firm, and the human resource department | | Your firm and your boss | | You and your boss |
|
| Fred is a new employee who has been assigned to your team. This is the first time Fred has worked in your country. Aware that he might have some difficulty adjusting, you want to help him get off to a good start. Which of the following would be MOST EFFECTIVE in helping Fred adjust to his new team and build his cultural competence? | | Select: 1 | | Teach Fred about how decisions are made and communicated, as well as how conflict is handled. | | Ask Fred to run team meetings in order to get to know people more quickly. | | Periodically check with Fred to make sure he is adjusting properly. | | Make sure Fred knows that your door is always open if he needs some advice or help of any kind. |
|
| You are preparing for a 3-month global assignment in Turkey working on an international quality improvement team for your company?s manufacturing division. After buying a few travel books and researching some of Turkey?s contemporary history, you are quickly overwhelmed by the sheer amount of information to learn. Which of the following types of cultural information would be MOST CRITICAL to understand before arriving in Turkey for your assignment? | | Select: 1 | | Dominant religious beliefs in Turkey. | | Basic tax and compensation laws in Turkey | | Rules for Turkish interpersonal communication. | | Geopolitical views of your own (native) country. |
|
Mike is the Director of Human Resources for a 120-employee family-owned manufacturing firm. Mike has been quite busy the last year reforming the benefit offerings to comply with recent changes in healthcare laws. Given the many changes, Mike took the opportunity to completely overhaul the employee benefits program including replacing the old medical plans with three brand-new plans. Mike is preparing to tell employees about their new benefit offerings a few months prior to the benefits open-enrollment period. Given the number of employees, he decides to design a nicely formatted PowerPoint slide deck explaining the changes and to send this presentation via email to all employees. One day into the open-enrollment period, his inbox is flooded with over 50 emails from confused employees. Mike is puzzled, but realizes he may have made a mistake in communication. Which of the following BEST describes the primary communication mistake he made? | | Select: 1 | | Failing to develop core ideas that adhere to the rules of "sticky" communication. | | Assuming that employees would understand the content of the PowerPoint slides. | | Failing to match the communication medium (or channel) with the intended outcome. | Forgetting to alert managers that the communication was "coming their way." |
|
Andrews Corp. ended the year carrying $18,737,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Andrews Corp.?Select: 1 | $9,626,000 | | $18,737,000 | | $28,290,000 | | $37,625,700 |
Suppose the Chester company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing costs and passing the savings to the customers, what strategy would they be implementing? |