Delegation is:

a. the process by which authority is distributed downward in an organization
b. the power to accomplish an assigned job
c. a duty to perform at the highest level
d. being held accountable for performance
e. being responsible for everything


a. the process by which authority is distributed downward in an organization

Business

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. Refer to Table 2.1. If trade opens up between the United States and the United Kingdom, American firms should specialize in producing

a. cloth. b. wine. c. both cloth and wine. d. neither cloth nor wine.

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Through a series of court decisions, a hierarchy of brand protection based on brand type has been created. These brand types include all but which of the following?

a. Generic b. Fanciful c. Symbolic d. Arbitrary e. Descriptive

Business

The mass media are part of an organization's

A. general environment. B. task environment. C. internal stakeholders. D. macroenvironment. E. distribution network.

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Which of the following transactions would increase a firm's current ratio?

a. Purchase of inventory on account b. Payment of accounts payable c. Collection of accounts receivable d. Purchase of temporary investments for cash

Business