According to a survey conducted by Puffer, McCarthy, and Naumov, which of the following beliefs is held by Russian managers?
A. The present trend toward a shorter workweek should be discouraged.
B. Workers have no part to play in decision making.
C. A person must stand alone to be superior.
D. Group activities always distract workers.
Answer: C
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Which of the following is not an advisable criterion for an effective incentive plan?
A. The rewards are believable and achievable. B. Measurable rewards are linked to performance. C. The rewards require record-setting performance. D. The rewards satisfy individual needs. E. The rewards are agreed on by the manager and employees.
Agent enters into a contract with Third Party on behalf of Principal. Agent told Third Party that
this contract was being entered into on behalf of someone else, but did not identify Principal to Third Party. A couple of weeks later, Principal disappears and Third Party wants to hold Agent to the contract. Third Party can: A) Recover from Agent because Agent had a duty to ensure that Principal performed on the contract. B) Recover from Agent because Agent acted on behalf of an undisclosed principal. C) Not recover from Agent because Agent had disclosed the existence of Principal. D) Not recover from Agent because Third Party must first try to recover from Principal. E) Recover from Agent because Agent did not disclose the identity of Principal.
Which of the following is a typical supervisory role in a traditional structure?
A. Facilitator B. Problem solver C. Resource allocator D. Champion and cheerleader
Identify a true statement about government securities.
A. They normallypay their holders a stated rate of interest until they mature. B. Interest income earned on municipal bonds is subject to federal income taxes. C. State and local governments are the sole issuers of government securities. D. They are IOUs issued by government entities when they sell stocks of public corporations to private firms.