Leo Must Choose a Manager to Head a New Task

question 73

Multiple Choice

Leo must choose a manager to head a new task force. The vice president of his department asked him to choose a high achiever for this role. Which of the following people is Leo most likely to choose?

• A)Lai works consistently to improve relationships in her department. She schedules a team social event at least six times a year.
• B)Ivo believes he can make a difference. He accepts responsibility for the consequences of his own actions.
• C)Rita is a natural leader. She exerts a lot of influence over her peers, and she keeps tight control over the actions of her subordinates.
• D)Jess consistently accepts challenging tasks. She keeps clear goals for herself and likes to get regular feedback for her performance.
• E)Greg is unsure of his capabilities. He needs to be pushed to take on assignments that force him to learn new skills.

Understand and calculate the net present value (NPV) of an investment.

Grasp the importance of the internal rate of return (IRR) and its role in investment decisions.

Analyze production capacity and determine the most profitable production and sales mix.

Calculate and understand the concept of break-even time (BET) in investment decisions.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.

Articles of Incorporation

Legal documents filed with a state government to legally establish a corporation.

Shareholder Approval

The process by which shareholders vote to approve or reject proposed actions by a corporation, often required for major decisions or changes.

Corporate Assets

Resources or valuables owned by a corporation, which can include cash, equipment, property, and intellectual property.