Submit a 500-750 word reflection that identifies the values hierarchy and explains the significance it might have on one’s leadership style, based off of a completed Rokeach Values Survey.
Your reflection must include:
An identification and explanation of the top three instrumental values.
An explanation of how the top three instrumental values fit within the values hierarchy.
An explanation of the significance of the top three instrumental values on the approach to leadership.
An identification and explanation of the top three terminal values.
An explanation of how the top three terminal values fit within the values hierarchy.
An explanation of the significance of the top three terminal values on the approach to leadership.
All content sections of your assignment should have supporting citations to strengthen your claims.
Prepare this assignment according to the guidelines found in the APA Style Guide.
Rokeach Values Survey
Developed by Milton Rokeach in 1973, the purpose of the Rokeach Values Survey is to classify human values and help individuals better understand what is important to them. Values themselves are not seen, instead one can see the behaviors associated with what people value.
There are two types of values in this survey:
Terminal Values: Terminal values represent desired end states. Something a person would like to achieve in their own lifetime. Examples would be true friendship, mature love, national security, world peace, salvation, a comfortable life. Terminal values are achievable items.
Instrumental Values: Instrumental values represent modes of behavior. In other words, they are means of achieving your terminal values. (Think of these values as instruments by which you accomplish your terminal values). Examples include ambition, love, self-control, politeness, honesty, independence. The focus of instrumental values is on acting in a manner to achieve the value.
Complete a Rokeach Values Survey for yourself by ranking the Rokeach Values listed in the table below in order of importance. Focus on only one set of values at a time.
Ranking Terminal Values: Begin by focusing only on the list of terminal values. Select the value that is most important to you. As you go through the list of terminal values, rank each value from most to least importance for you with 1 being most important and 18 being least important to you. Work through the list of terminal values until all terminal values are assigned a ranking.
Ranking Instrumental Values: When you have finished ranking your terminal values, proceed to the list of instrumental values, and rank each in the same way as your terminal values with a ranking of 1 for the most important instrumental value, and 18 for the least important instrumental value.
Once you have completed ranking all 18 terminal values and all 18 instrumental values, make sure to make note of both your top values in each category. You will submit a copy of the completed survey to the assignment dropbox.
Rokeach Values Survey
Terminal Values
Rank
Instrumental Values
Rank
A World at Peace (Free of War and Conflict)
3
Ambitious (Hard-Working, Aspiring)
1
Family Security (Taking Care of Loved Ones)
5
Broadminded (Open-Minded)
16
Freedom (Independence, Free Choice)
10
Capable (Competent, Effective)
8
Equality (Brotherhood, Equal Opportunity for All)
4
Cheerful (Lighthearted, Joyful)
18
Self-Respect (Self-Esteem)
11
Clean (Neat, Tidy)
10
Happiness (Contentedness)
13
Courageous (Standing Up for Your Beliefs)
15
Wisdom (A Mature Understanding of Life)
12
Forgiving (Willing to Pardon Others)
14
National Security (Protection From Attack)
6
Helpful (Working for The Welfare of Others)
6
Salvation (Saved, Eternal Life)
2
Honest (Sincere, Truthful)
4
True Friendship (Close Companionship)
18
Imaginative (Daring, Creative)
11
A Sense of Accomplishment (A Lasting Contribution)
9
Independent (Self-Reliant, Self Sufficient)
5
Inner Harmony (Freedom From Inner Conflict)
16
Intellectual (Intelligent, Reflective)
13
A Comfortable Life (A Prosperous Life)
1
Logical (Consistent, Rational)
9
Mature Love (Sexual and Spiritual Intimacy)
8
Loving (Affectionate, Tender)
7
A World of Beauty (Beauty of Nature and the Arts)
15
Obedient (Dutiful, Respectful)
12
Pleasure (An Enjoyable Leisurely Life)
14
Polite (Courteous, Well-Mannered)
17
Social Recognition (Respect, Admiration)
7
Responsible (Dependable, Reliable)
3
An Exciting Life (A Stimulating Active Life)
17
Self-Controlled (Restrained, Self-Discipline)
2
This resource was adapted from
The Nature of Human Values, by Milton Rokeach, published by The Free Press (1973). Copyright 1973 by The Free Press, a division of Macmillan Publishing Co., Inc.
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GAAP
Assignment answer the following question: Under current GAAP, how much revenue should Construction Company, Boat Builder and BMW recognize in 2012 and 2013?
Accountants from Construction Company, Boat Builder Company and BMW are discussing revenue recognition. All are calendar year companies. A description of the production process of each company follows.
Construction Companybuilds homes on lots it owns. It currently is building a home for Billy Bob (BB). The terms of the contract required BB to pay the entire $200,000 price of the home on the date the construction contract was signed (October 1, 2012). The advance payment protects BB from a forecasted increase in home prices. The contract promises BB that he can move into the house no later than 9 months from when he signs the contract (June 30, 2013). The total expected cost of completing the house is $150,000. If the house is not completed by June 30, 2013 Construction Company must pay BB a $1,500 penalty each week until he can move into the house. Construction Company spends$20,000 to lay the foundation for the house in 2012. It completes the house for $2,000 under budget on July 1.
Boat Builder Companycurrently is completing work on a boat that a customer contracted for on September 30, 2012 and expects to take delivery of on August 1, 2013. The $200,000 fixed price contract does not obligate the customer to pay Boat Builder until the boat is delivered and the title transfers to the customer. The boat is a basic design offered by Boat Builder. Customers individualize the basic boat by selecting custom trim, accessories and other finish details. Boat Builder typically fulfills specific customer orders rather than holding boats in inventory. If the customer cancels the contract prior to delivery, Boat Builder must be paid for any work completed up to that date. Boat Builder incurs initial design and selling costs of $10,000. Boat Builders actual and expected building costs are
$150,000, which consists of raw materials of $50,000 and labor costs of $100,000. The raw materials are purchased on October 1, 2012. Raw materials are consumed and direct labor costs are incurred evenly over the construction period.
BMWagrees to sell Joe Customer a new BMW 650i for $85,000 on December 4, 2012 through one of its company-owned dealerships. The cost to BMW to produce the car is $60,000. Because of the highly specified nature of the options requested by this customer, BMW must build the car from scratch, a process that will take 8 weeks. BMW anticipates delivering the vehicle on February 1, 2013.