A firm reported year-end cost of goods sold of $10 million. It listed $2 million of inventory on its balance sheet. Using a 365-day year, how many days did the firm's inventory stay on the premises?
A. 18.25 days
B. 73 days
C. 20 days
D. 2 days
Answer: B
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In managing subordinates under an incentive pay plan, a manager should
A. regularly communicate with subordinates about the plan. B. set goals with subordinates, but then leave them alone to pursue those goals. C. change the plan frequently to continue to motivate subordinates. D. set "stretch" goals that are very difficult (perhaps impossible) to achieve. E. design complex plans that cover all contingencies.
Which of the following is a drawback of creating a competency-based profile?
a. Building profiles is fairly inexpensive. b. As competencies change so must the profile. c. Employees are difficult to find to base a profile. d. It typically takes hiring a human resource consultant to build a quality profile.
Observational research is the most widely used method of primary data collection
Indicate whether the statement is true or false
An advertisement for the Blue Ridge Parkway (a highway) that runs from the Shenandoah Valley to the Smokey Mountains describes the highway as a "trip back in time." This is an example of ________
A) idea marketing B) place marketing C) social marketing D) services marketing E) the market fulfillment approach