In contract law, capacity is best defined as
A. a benefit which must be bargained for between the parties.
B. one person's compliance with the offer made by another.
C. a promise in exchange for performance by another party.
D. the legal ability of a party to enter into a contract.
Answer: D
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Tonya is a structural engineer who works for a large international firm. She designs the concrete and steel structures that support even the largest and most complex buildings. Because of her high level of technical skills, Tonya is best referred to as a
A. knowledge worker. B. blue-collar worker. C. self-managed worker. D. first-line worker. E. first-line manager.
Riverboat Adventures pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $35,000, a building appraised at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the building.
A. $89,178. B. $97,500. C. $105,000. D. $93,000. E. $140,000.
Consumers can never buy functional versions of highly promoted branded products at lower prices
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The Hawthorne studies were originally 2. The human relations approach during the Carnegie era was manipulative. 3. Empowerment is delegating power to employees in the organization. 4. A goal of empowerment is to allow employees more freedom within their jobs. 5. Contemporary CEOs are returning to an autocratic model of leadership.