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Strike441 [17]
3 years ago
9

Imagine that you are a management coach and one of your clients, a new manager, says, “I’ve heard that about two thirds of manag

ers fail within 18 months. I don’t want to be part of that statistic! I’ve heard that asking questions and really listening to people’s responses is key to success. But as a manager, shouldn’t I have the answers? Why should I be asking questions?” How do you respond?
CHECK ALL THAT APPLY
- Asking employees questions helps develop their critical thinking skills.
- Asking employees questions boosts their morale by helping them feel like experts, even though they’re not.
- Asking employees questions enhances their sense that the manager is the only person they should be in dialogue with, so they start talking less to each other.
- Asking employees how to solve problems empowers them to arrive at solutions to which they’re committed.
Business
1 answer:
Arte-miy333 [17]3 years ago
7 0

Answer:

✔ Asking employees questions helps develop their critical thinking skills.

✘ Asking employees questions boosts their morale by helping them feel like experts, even though they’re not.

✘ Asking employees questions enhances their sense that the manager is the only person they should be in dialogue with, so they start talking less to each other.

✔ Asking employees how to solve problems empowers them to arrive at solutions to which they’re committed.

Explanation:

A manager who asks questions with a sincere interest in the answers is engaging in dialogue similar to a “regular” back-and-forth conversation, and this authenticity builds trust and promotes the open exchange of ideas. Another key benefit is that having employees think about questions, rather than just telling them information or telling them what to do, engages their critical thinking skills—which are key skills for organizational success. Also, when employees are asked how to solve problems, they are likely to have more buy-in to the solution they arrive at than to a solution imposed on them. Many people are motivated by feeling as though their ideas make a positive difference.

Lower-level employees are often the experts in operational details and often have more direct contact with customers than higher-level managers, so they have tremendous expertise that can and should be tapped. Asking employees questions begins an organizational dialogue that can lead to a decentralized communication network, in which employees freely exchange ideas with one another and not just with their manager.

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Christoph Hoffeman of Kapinsky Capital believes the Swiss franc will appreciate versus the U.S. dollar in the coming​ 3-month pe
Rama09 [41]

Answer:

Check the explanation

Explanation:

a. Calculate Christoph’s expected profit assuming a pure spot market speculation strategy.

Details                                                                                     Amount

Number of Swiss francs can buy and  

invest with $100,000 ($100,000/$0.5820)                      171821.31

After 3 months SF's are sold to acquire

dollars back   SF 171821.31* $0.6250)                                      $107,388

Less: Invested dollars                                                       $ 100,000.00

expected profit assuming he buys or sells

SF three months forward                                                        $7,388

b. Calculate C’s expected profit assuming he buys or sells SF three months forward:

Details                                                                         Amount

Number of Swiss francs can buy and

invest with $100,000 ($100,000/$0.5640              $ 177304.96

After 3 months SF's are sold to acquire

dollars back   SF 177,304.96* $0.6250)                   $ 110,815.60

Less: Invested dollars                                               $ 100,000.00

expected profit assuming he

buys or sells SF three months forward                         $10,816

8 0
3 years ago
Fragment Company is a wholesaler that sells merchandise in large quantities. Its catalog indicates a list price of $300 per unit
iren2701 [21]

Answer:

Recognized Sales Value = $18,000

Explanation:

Fragment company selling Price is $300/Unit

40% trade discount is offered for purchases of 50 units and more. That is, $300 x 40% = $120.

This implies anyone buying 50 or more will pay only $180/Unit ($300 - $120)

Customer Purchased 100 units

Sales terms is FOB, which implies Fragment is responsible for transportation costs of the products from his warehouse to the Port of Shipment including loading onto the ship. The Buyer will be responsible for Marine Freight expense, Insurance, Off-loading and shipment to his own warehouse

The $7 Per Unit indicated will account for inland transport to Port of shipment

Recognized Sales  =  100 units x $180 = $18,000

Cost of Haulage (Carriage outwards) is $7 x 100 units = $700

4 0
3 years ago
Revenue recognition over time and at a point in time under ASC Topic 606 (LO3-4) MSK Construction Company contracted to construc
lions [1.4K]

Answer:

MSK Construction Company

a) Journal Entries:

Debit Contract Cost $290,000

Credit Cash Account $290,000

To record the cost of the contract incurred for the 1st year.

Debit Accounts Receivable $260,000

Debit Unbilled Contract $90,000

Credit Contract Revenue $350,000

To record the contract revenue  for the first year.

Debit Cash Account $240,000

Credit Accounts Receivable $240,000

To record the receipt of cash for the first year.

Debit Contract Cost $150,000

Credit Cash Account $150,000

To record the cost of the contract incurred for the 2nd year.

Debit Accounts Receivable $265,000

Credit Contract Revenue $175,000

Credit Unbilled Contract $90,000

To record the contract revenue for the 2nd year.

Debit Cash Account $265,000

Credit Accounts Receivable $265,000

To record the receipt of cash for the 2nd year.

Explanation:

Contract price = $525,000

Contract data:

                                                                  20X1           20X2

Costs incurred during the year          $290,000     $150,000

Estimated additional cost to complete  145,000        —

Billings during the year                         260,000      265,000

Cash collections during the year         240,000       285,000

Revenue Recognition over time based on costs:

Total estimated cost = $435,000 ($290,000 + 145,000)

Revenue in the 1st year = ($290,000/435,000 * $525,000) = $350,000

Revenue in the 2nd year = $175,000 ($525,000 - $350,000)

Revenue Recognition at point in time when control is transferred:

Revenue in the 1st year = $0

Revenue in the 2nd year = $525,000

5 0
3 years ago
Q 5.36: Badger Enterprises purchased aluminum from JG Metals. When Badger Enterprises recorded this transaction, they made entri
disa [49]

Answer: periodic inventory system

Explanation:

The type of inventory system used by Badger Enterprises is the periodic inventory system. The periodic inventory system is an inventory whereby updates are usually done on periodic basis.

In the periodic inventory system, physical count of inventory is done at specific intervals. This is the method used by the company in the question.

5 0
3 years ago
The demand for gasoline is inelastic and the supply of gasoline in the winter is elastic. Therefore,
MakcuM [25]

Answer:

B. buyers bear most of the incidence of the tax.

Explanation:

If demand is inelastic, quantity demanded is insensitive to changes in price.

If supply is elastic, a small change in price has a great effect on quantity supplied. Quantity supplied is sensitive to changes in price.

If a tax is imposed on gasoline, the incidence (who pays for the tax) can be beqred by the consumers because they have an inelastic demand. If the price of gasoline rises , the quantity demanded doesn't change.

If the tax incidence was borne by the suppliers, the quantity supplied would drop.

I hope my answer helps you.

3 0
3 years ago
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