The first step in establishing corporate entrepreneurship in an organization is:
A. securing commitment from top management
B. finding mid-level managers to champion ideas
C. developing ways to get closer to customers
D. learn to be more productive with fewer resources
Answer: A
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Hit and Miss, Inc purchased a patent at the beginning of 2011 for $250,000. Economic benefits were expected for 10 years, but the patent's legal life was 20 years. Also during 2011, the company incurred research and development costs of $270,000. Patent amortization expense for 2011 is:
A) $12,500 B) $26,000 C) $52,000 D) $25,000
Periodic review systems are ______.
A. characterized by weekly, monthly, or annual physical counts of inventory B. best suited for businesses that sell high-volume products C. systems where inventory is replenished halfway during a consumption cycle D. systems where the entire inventory of a product is ordered by a single customer
A(n) ________ contract is a contract that has not been fully performed by either or both sides.
A. formal B. executory C. auction D. implied-in-fact
Advantages of the matrix structure include
A) project managers can maintain maximum project control and authority with the help of functional managers over their team members and cost. B) budgeting and staffing for projects become easy to create and manage. C) the decision-making process becomes simplified due to authority. D) all of the above.