Acme Global managers and executives have created a statement describing expectations of what the organization is going to do to become the organization that has been envisioned. In other words, Acme Global has created a(n) ______.
A. vision
B. organizational structure
C. mission statement
D. strategy
C. mission statement
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Answer the following statements true (T) or false (F)
1. After a morning of global cultural training, Marie, the vice president of marketing, is having lunch with Ann, who will be managing the company's new office in South Korea. Marie tells Ann, "There are cultural differences between the United States and South Korea that will affect the success of our office. For example, I suggest giving a couple of cans of Spam to your larger customers, because Spam is considered elegant in South Korea." Marie's advice to Ann is good because it takes into account the many kinds of cultural differences between the United States and other countries. 2. Dawn grew up helping her father work on cars in his auto repair shop and developed into an excellent auto technician. Because of stereotypes regarding women in this field, she is interested in finding a shop that minimizes gender discrimination and role inequalities. Dawn wants to work for a company that highly values gender egalitarianism. 3. Philippe is from the Mediterranean coast of Greece and Sasha is from Iran. In their grocery store, this married couple is accustomed to focusing on one task at a time rather than multitasking. Philippe and Sasha work on a system of polychronic time. 4. A business model outlines what customer needs the company will satisfy, the operations of the business, the company components and functions, and the projected revenue and expenses.
The contribution margin approach helps managers in short-term decision making because it ________
A) treats fixed manufacturing overhead as product cost B) reports only mixed costs C) reports costs and revenues at present value D) isolates costs by behavior
Bella is considering the possibility of becoming a surety to Carl on a debt by David, but she would like more information on the relationship between Carl and David concerning the transaction. If Bella requests such information from Carl, he must disclose it, because his failure to disclose material facts will constitute fraud
Indicate whether the statement is true or false
The value of a home is $50,000, and the homeowner policy covering it contains an 80% coinsurance clause. Assume the home is insured for $30,000 and a $12,000 loss occurs
How much will the insured recover? (Ignore the ACV calculation and assume there is no fraud or other unusual circumstances surrounding the loss.) A) $12,000 B) $9,000 C) $16,000 D) The answer cannot be determined by the facts given.