Which of the Following Activities Is Part of the Organizing

question 100

Multiple Choice

Which of the following activities is part of the organizing function of management?

• A) Going over a spreadsheet to analyze some financial data
• B) Teaching a new employee how to use a piece of office equipment
• C) Giving front-line workers additional resources needed to provide faster and better service to customers
• D) Developing a broad general strategy to help the organization meet its long-term growth objectives

Determine the accounting treatment for forward contracts and currency options under U.S. GAAP.

Analyze the effect of exchange rate changes on foreign currency denominated transactions and hedging activities.

Understand the definitions and applications of spot rates, forward rates, and the calculation of gains or losses on foreign exchange.

Identify the factors necessary to determine the fair value of forward contracts.

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Definitions:

Minimum Wage

The lowest legal hourly pay that workers can be paid by employers, set by government legislation.

Unemployment

The situation in which individuals who are capable of working and willing to work cannot find employment.

Black Market

An illegal traffic or trade in officially controlled or scarce commodities, bypassing governmental regulation or taxation.

Binding Price Floor

A government-imposed price control that sets the minimum price above the equilibrium price, causing a surplus in the market.