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Summarize some of the best practices for leading a diverse workforce, and the benefits that can come to the organization through leveraging diversity.
Weegy: There has often been a misinterpretation that being a manager translates to being a leader. This is not the case. Often, leadership is one of the key elements missing from a manager's skill sets. [ That is because leadership takes more than education or business knowledge. It requires more than a title. Leadership requires passion, integrity, vision, people skills, work ethic, and honesty. It is possible to "manage" without some of these qualities, but, it is impossible to lead without them. The ideal manager is one who has the combined skills necessary to inspire their people through leadership (Reicher, 2007). ] (More)
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Asked 10/8/2012 10:52:33 AM
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Is this control system effective for your organization? If you could, what would you implement or change?
Weegy: Quite literally, organizations operate by people making decisions. A manager plans, organizes, staffs, leads, and controls her team by executing decisions. [ The effectiveness and quality of those decisions determine how successful a manager will be. Managers are constantly called upon to make decisions in order to solve problems. Decision making and problem solving are ongoing processes of evaluating situations or problems, considering alternatives, making choices, and following them up with the necessary actions. Sometimes the decision-making process is extremely short, and mental reflection is essentially instantaneous. In other situations, the process can drag on for weeks or even months. The entire decision-making process is dependent upon the right information being available to the right people at the right times. The decision-making process involves the following steps: Define the problem. Identify limiting factors. Develop potential alternatives. Analyze the alternatives. Select the best alternative. Implement the decision. Establish a control and evaluation system. ] (More)
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Asked 10/8/2012 12:09:33 PM
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What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why.
Weegy: On its income statement, Maxidrive overstated its ability to sell goods for more than the cost to produce and sell them. On its statement of retained earnings, [ Maxidrive overstated the amount of income it reinvested in the company for future growth. On its statement of cash flows, Maxidrive overstated its ability to generate from sales of disk drives the cash necessary to meet its current debts. These four financial statements are the basic statements normally prepared by profit-making organizations for use by investors, creditors, and other external decision makers. The four basic statements summarize the financial activities of the business. They can be prepared at any point in time (such as the end of the year, quarter, or month) and can apply to any time span (such as one year, one quarter, or one month). Like most companies, Maxidrive prepares financial statements for investors and creditors at the end of each quarter (known as quarterly reports) and at the end of the year (known as annual reports). The income statement (statement of income, statement of earnings, or statement of operations) is the most important because it reports the accountant's primary measure of performance of a business, revenues less expenses during the accounting period. ] (More)
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Asked 10/10/2012 7:49:18 AM
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In your opinion, how are financial statements useful to managers and employees? How are financial statements useful to investors and creditors? Explain.
Weegy: Financial statements show the financial performance of an company. They are used for both internal-, and external purposes. When they are used internally, the management and sometimes the employees use it for their own information. [ Managers use it to plan ahead and set goals for upcoming periods. When they use the financial statements that were published, the management can compare them with their internally used financial statements. They can also use their own and other enterprises’ financial statements for comparison with macroeconomical datas and forecasts, as well as to the market and industry in which they operate in. ] (More)
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Asked 10/10/2012 8:00:19 AM
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What are the four basic financial statements
Weegy: The Four Basic Financial Statements: Both Exeter Investors (Maxidrive's new owner) and American Bank (Maxidrive's largest creditor) used Maxidrive's financial statements to learn more about the company before making their purchase and lending [ decisions. In doing so, Exeter and American Bank assumed that the statements accurately represented Maxidrive's financial condition. As they soon learned, and now have claimed in their lawsuits, the statements were in error. 1. On its balance sheet, Maxidrive overstated the economic resources it owned and understated its debts to others. 2. On its income statement, Maxidrive overstated its ability to sell goods for more than the cost to produce and sell them. 3. On its statement of retained earnings, Maxidrive overstated the amount of income it reinvested in the company for future growth. 4. On its statement of cash flows, Maxidrive overstated its ability to generate from sales of disk drives the cash necessary to meet its current debts. ............ ] (More)
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Asked 10/14/2012 11:48:45 AM
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