A global business organization is selecting managers to post to various international (expatriate) assignments.
In the screening process, which of the following traits would be required to make a manager a successful expatriate?
1) Superior technical competence.
2) Willingness to attempt to communicate in a foreign language.
3) Ability to empathize with other people.

• A.1 and 3 only
• B.2 and 3 only
• C.1, 2, and 3
• D.1 and 2 only

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Which of the following statements is true regarding partnership liquidation?

• A.Operations can continue after the liquidation if all partners agree
• B.Partnership liquidation occurs when there is capital deficiency Stable
• C.When a partnership is liquidated, each partner pays creditors from cash received
• D.Partnership liquidation ends both the legal and economic life of an entity

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An organization uses the management-by-objectives method, whereby employee performance is based on defined goals Which of the following statements is true regarding this approach?

• A.It is particularly helpful to management when the organization is facing rapid change
• B.It is particularly successful in environments that are prone to having poor employer-employee relations
• C.It is more successful when goal-setting is performed not only by management, but by an team members, including lower-level staff.
• D.It is a more successful approach when adopted by mechanistic organizations

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If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?

• A.2
• B.4
• C.3
• D.1

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While reviewing the contracts for a large city, the internal auditor learns that the organization contracted to perform trash collection is paid based on the number of bins emptied each week as a result, the city has minimal control over payments Which of the following actions should the auditor recommend to give the city greater control over payments?

• A.Renegotiate a lump-sum contract when the contract is up for renewal
• B.Assign a city employee to verify the number of bins emptied each day
• C.Change the contract so payment is based on the distances traveled by the contractor during collection.
• D.Require that the contractor provide supervisory review of the number of bins emptied each day

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