Describe the R3 and R4 stages of the life cycle theory of leadership, and identify the appropriate behaviors that should accompany each stage.
What will be an ideal response?
At the R3 stage, employees have learned to work together well, although they still need support and collaboration from the leader to help them adjust to their more self-managed state of affairs. Here participating-low initiating structure and high consideration-becomes the optimal combination of leader behaviors. Finally, the optimal combination for the R4 readiness level is delegating-low initiating structure and low consideration-such that the leader turns responsibility for key behaviors over to the employees.
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When Texas Instruments first introduced its line of graphing calculators, it set the price quite high; it has lowered the price as competitors have entered the market. The pricing strategy initially used by Texas Instruments is called
A. customary pricing. B. odd-even pricing. C. penetration pricing. D. price skimming. E. prestige pricing.
Matching the pace of production to match the rate of customer demand is known as:
A) poka-yoke. B) drum-buffer-rope. C) takt time. D) bullwhip.
Since receivables and payables both result from sales transactions, a firm with a high receivables-to-sales ratio must also have a high payables-to-sales ratio.
Answer the following statement true (T) or false (F)
Employers and unions have a duty to bargain in good faith.
Answer the following statement true (T) or false (F)