Rational managers will always make decisions that are in the best interest of the organization employing them.
Answer the following statement true (T) or false (F)
False
Rational managers will often make decisions that are in their best personal interest.
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Which of the following is an example of an action based on an internal assessment?
a. A restaurant adds smoothies to its menu after reading a report that Generation Z consumers appreciate freshness and customizability in menus. b. A restaurant decides to open earlier on weekends after receiving many calls from customers trying to make brunch reservations. c. A restaurant signs up with a third-party delivery service to compete with other restaurants on the service. d. A restaurant decides to sign on and use UBER because all the competitors are increasing their revenue this way and there is no insurance cost to the restaurant.
What will be the most likely outcome for Charles due to the retiring representative's lack of record-keeping?
A) Charles' sales will track way behind those of the retiring representative, and he will be docked pay and denied promotions. B) Since Charles is starting from almost scratch developing a prospect and customer base, he will lose some current customers because he does not know about them. C) Charles will be unlikely to develop sales presentation skills because of the time required to track referrals. D) Since Charles does not need any information from the retiring representative, he will conduct more cold calls and develop a larger base of qualified customers. E) Charles will continue maintaining the retiring representative's accounts as usual without any changes in strategy or implementation.
The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called cost-volume-profit analysis
Indicate whether the statement is true or false
RioFit has exemplary health and safety records. The firm may receive recognition under the
A. Voluntary Protection Program. B. Strategic Partnership Program. C. Safety and Health Achievement Recognition Program. D. Alliances Program.