Answer: I would reject his demand for bribe straight away and i will recommend senior management to protect business ethics at all cost.
Explanation: first of all i would not accept the demand of bribe from the official and would try to report this corruption to the concerned authorities.I would try to pressure the authorities to take strict actions against the official and to make the process to be fair and honest in every way.
I as a representative of my company would recommend senior management to take hands off from the project until appropriate actions are taken by the authority as getting into unethical actions might result in problems in future .
Answer:
Explanation:
The journal entry on April 13 for receipt of payment from customer is as follows:
Date Account title and explanation Ref Debit Credit
13-April Cash ($5000 - $150) $4,850
Sales discount ($5000* 3%) $150
Accounts receivable
$5000
(To record the receipt of payment from customer net of discount
Answer:
880 blue ink pens
Explanation:
The computation of the inventory position is shown below:
= Current stock counted in the closet + already placed orders with the supplier
where,
Current stock counted in the closet is 220 blue ink pens
And, the already placed orders with the supplier is 600 blue ink pens
Now placing these values to the above formula
So, the inventory position is
= 220 blue ink pens + 600 blue ink pens
= 880 blue ink pens
Answer:
Participative.
Explanation:
Participative leadership is the process of influencing people to direct their efforts toward the achievement of some particular goal or goals. Participative leadership can be different depending on organization, purpose and situation but there are common patterns in all types:
- Leader always facilitates the conversation.
- Leaders share any information and necessary knowledge for decision-making.
- Leaders encourage others to share their ideas.
- Leader must take all information and solutions by the team and synthesize.
- The leader comes up with best solution based on group information and communicates the solution to the group.
Participative leadership consist of one of the four types of participative decision making.
* Democratic (Participative) – Encourages participation of all members but final decision is made by leader.
* Collective – All decisions are taken by the group and responsibility for the decisions also rest on entire group.
* Autocratic – Possible solutions are brainstormed collectively but leaders are responsible for final decision. Different from democratic as autocratic is goal oriented while democratic is people oriented.
* Consensus – Leader gives up responsibility and control of decision making to the group.
