The Chapter 12 Opening Case Illustrates the Challenges of Strategic

question 53

Multiple Choice

The Chapter 12 Opening Case illustrates the challenges of strategic leadership as HP's new CEO Leo Apotheker had to _________ while maintaining ____________.

• A) cut managerial staff; current levels of innovation
• B) downsize HP; diversity of products
• C) diversify via acquisitions; low levels of debt
• D) refocus on HP's innovation culture; short-term performance.

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Definitions:

Prepaid Insurance

Payments made in advance for insurance coverage, which are recorded as an asset and expensed over the period of coverage.

Adjusting Entry

An accounting record made to update the balances of accounts to reflect the true financial position before preparing financial statements.

Unexpired Insurance

The portion of the insurance premium that has not yet expired or been used up, considered a prepaid expense.

Office Supplies

Consumable items that are used in the daily operations of an office like pens, paper, and staplers.