Stacy Has Been Working Hard for the Past Week to Complete

question 147

Multiple Choice

Stacy has been working hard for the past week to complete the proposal her team is submitting to upper management. The team's project manager left at noon to play golf with a client. Stacy walks by her co-workers' cubicles and finds that most of them have left as well. At this point, she feels that she is doing more work than others on the team yet is not receiving any more pay or recognition. This perception leaves her frustrated and undermines her motivation. Stacy's experience illustrates a major conclusion of which of the following?

• A) equity theory
• B) expectancy theory
• C) Theory X
• D) the scientific management movement

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Definitions:

Inventory

The goods and materials a business holds for the ultimate goal of resale or utilization in production.

Quick Ratio

A liquidity ratio measuring a company's ability to meet short-term obligations with its most liquid assets, excluding inventories.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.

EBITDA Coverage Ratio

Similar to the times-interest-earned ratio, but it recognizes that many firms lease assets and also must make sinking fund payments. It is found by adding earnings before interest, taxes, depreciation, and amortization and lease payments, then dividing this total by interest charges, lease payments, and sinking fund payments over 1 minus the tax rate.