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Table 12.1 Lee Is the Vice-President of a Large Department. He Has

question 46

Multiple Choice

Table 12.1
Lee is the vice-president of a large department. He has a number of projects to assign to his managers, who are already overworked and understaffed. While they are capable and willing, one more project is going to push some of them to the breaking point. Before assigning any projects, he calls a meeting of all his managers to discuss the current situation and the new projects that have been given to him. He asks his managers for their help in getting through this workload crisis and points out that they were able to do it before. A couple of managers complain to Lee, saying it isn't fair to expect so much, and they can't keep going at this pace. In response, Lee points out that the company has always been this way. He told them about the workload when he interviewed them, and they have been through this kind of push before. Lee decides to give the Techno 2120 project to Joan. As he tells her about it, he explains that this project will contribute directly to the company's bottom line, and that it is something similar to her last project, making her the best manager for the job. With Hoa, Lee begins by making some small talk and asking him how his golf game is going. Lee expresses admiration for Hoa's skill as a golfer and his ability to balance his work and personal life so well. Then Lee explains how Hoa is the only one who can handle the project he is getting. As his best project manager because of his great past results, Hoa is the one for the job.
-Refer to Table 12.1. When assigning the Techno 2120 project, Lee used:

Calculate key financial ratios and analyze financial data.

Understand the errors made during the adjusting entry process and their impacts.

Explain the purpose and process of reversing entries.

Understand the significance of the post-closure trial balance and the difference between permanent and temporary accounts.

Definitions:

Grignard Synthesis

The formation of a Grignard compound through the reaction of an alkyl or aryl halide with magnesium in dry ether.

Spectroscopic Data

Information obtained from analyzing the interaction between electromagnetic radiation and matter, used to determine chemical composition and structure.

Infrared Spectrum

A spectrum representing the infrared absorption or emission by a substance, used to identify chemical functionalities and molecular structure.

Mass Spectrum

A plot or record that shows the distribution of ions by mass in a sample, used to determine the composition of a substance.