At which level of management will one find conceptual and decision skills most utilized? Why?
What will be an ideal response?
Conceptual and decision skills involve the ability to identify and resolve problems for the benefit of the organization and everyone concerned. Managers use these skills when they consider the overall objectives and strategy of the firm, the interactions among different parts of the organization, and the role of the business in its external environment. Conceptual and decision skills become very important as one rises higher in the company and occupies positions in the middle and top manager ranks.
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Which of the following is one of the key disadvantages of online market research?
A) Online research is expensive. B) Online research is time consuming. C) People tend to be dishonest online. D) Online research lacks versatility. E) Samples can be small and skewed.
Which of the following was NOT listed in your textbook as a secondary information source on marketing?
A) Reference guide B) Index C) Dictionary D) Directory E) Google
The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:
Standard Costs: Fixed overhead (bases on 10,000 hrs) 3 hrs. per unit @ $0.80 per hr. Variable overhead 3 hrs. per unit @ $2.00 per hr. Actual Costs: Total variable cost $18,000 Total fixed cost $ 8,000 The fixed factory overhead volume variance is: A. $2,000 unfavorable B. $5,000 unfavorable C. $2,500 unfavorable D. $5,000 favorable
The good faith test for an HDC applies to both transferor and transferee
Indicate whether the statement is true or false