A manager who groups jobs into units and establishes patterns of authority among jobs or groups of jobs is performing which of the following functions of management?
A. Planning
B. Organizing
C. Controlling
D. Supervising
E. Leading
Answer: B
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If no safety stock is carried, the average inventory is equal to the
a. order point/2. b. order point ? 2. c. economic order quantity/2. d. economic order quantity ? 2.
Miriah Inc has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?
A) $50 per share B) $30,000 in total C) $300 in total D) $0.50 per share
Downwind Land Corporation and Leeward Investments Company transfer their property to Financial Managers, Inc., which manages the property and distributes the profits to Downwind and Leeward. This form of a business organization is
A. a business trust. B. a joint stock company. C. a joint venture. D. a syndicate.
The duty of care for managers and members includes the duty not to usurp the LLC's opportunities.
Answer the following statement true (T) or false (F)