Since the business environment involves considerable uncertainty, a manager cannot use modeling to estimate the risks resulting from specific actions

Indicate whether the statement is true or false


FALSE

Business

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Jim was recently promoted to the position of dining room supervisor at The Crab Shack, and he is now responsible for making decisions on numerous matters in the dining room and giving orders to the serving staff. At the same time, Jim has the obligation to perform the many new tasks assigned to him as a supervisor, such as overseeing the closing work and the cleaning of the dining room. Jim's obligations are known as his

A. hierarchy. B. power. C. beliefs. D. authority. E. responsibility.

Business

The organizational decision to purchase production inputs, components, or finished goods from domestic or foreign producers is known as the ________ decision

A) import/export B) NTB C) preferential D) sourcing E) security

Business

Which of the following is an example of an operating activity?

A) Obtaining capital from owners B) Selling goods and services to customers C) Purchasing equipment D) Selling land

Business

What type of international nongovernmental organization’s (INGO) primary purpose is to design and implement economic development projects?

A. advocacy B. operational C. development D. implementation

Business