In a short essay, describe the five major financial management tasks that are critical to firms active in international business transactions.
What will be an ideal response?
Question 2Why do turnkey operators often require a feasibility study as part of the contract?
A) By adding to the cost, they earn more money.
B) This lessens the risk of contract cancellation when political leadership changes.
C) This lowers their risk of foreign-exchange losses.
D) This helps to define what constitutes satisfactory completion of the project.
Question 3The main point of the Situational Leadership model is _____.
a. a manager needs to figure out his/her natural style, and use it consistently across different situations
b. a manager needs to figure out his/her natural style, and hire primarily direct reports who will be responsive to that style regardless of the situation
c. a manager needs to modify his/her style to fit the characteristics of the situation
d. a manager needs to modify his/her style to fit the desires of his/her boss
Question 4Which of the following is a graph that shows the relationship between test scores and job performance for a group of people?
A) performance standard
B) digital dashboard
C) competency model
D) expectancy chart
Question 5What is the primary disadvantage of using concurrent validation?
A) Current employees may not be representative of new applicants.
B) New applicants are recent college graduates with limited experience.
C) Limited correlation exists between high test scores and job performance.
D) Test batteries have not been administered by professional industrial psychologists.
Question 6In the Situational Leadership model, Paul Hersey and Ken Blanchard advise managers to focus on three criteria. Which of the following is not one of those criteria?
a. leadership style
b. employee readiness
c. task characteristics
d. level in hierarchy
Question 7You have just been given supervisory responsibility for a department of highly educated scientists, many of who have been working successfully at their jobs for twenty years or more.
They're working on a type of project that they're comfortable with and have excelled at their work several times in the past. According to the Situational Leadership Model, what management style should you use with these employees?
a. participating
b. delegating
c. telling
d. persuading
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