"Is it appropriate for the organization and for the times? Does it set standards of excellence and reflect high ideals? Is it ambitious?" A good _______ will answer these questions.
A. belief agreement
B. code of ethics
C. mission statement
D. vision statement
E. values statement
D. vision statement
Good vision statements should answer these questions: (1) Is it appropriate for the organization and for the times? (2) Does it set standards of excellence and reflect high ideals? (3) Does it clarify purpose and direction? (4) Does it inspire enthusiasm and encourage commitment? (5) Is it well articulated and easily understood? (6) Does it reflect the uniqueness of the organization, its distinctive competence, what it stands for, what it's able to achieve? (7) Is it ambitious?
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Export subsidies levied by foreign governments on products in which the United States has a comparative disadvantage
a. lower the welfare of all Americans. b. lead to increases in U.S. consumer surplus. c. encourage U.S. production of competing goods. d. encourage U.S. workers to demand higher wages.
In order to estimate the average time spent per student on the computer terminals at a local university, data were collected for a sample of 81 business students over a one-week period. Assume the population standard deviation is 1.8 hours. If the sample mean is 9 hours, then the 95% confidence interval is
a. 7.04 to 10.96 hours. b. 7.36 to 10.64 hours. c. 7.80 to 10.20 hours. d. 8.61 to 9.39 hours.
Pat has to select the right paper clips to purchase for her office. She looks at the office supply catalog and picks the first one that is priced reasonably. Which method of making a decision does she use?
A. forecasting B. optimizing C. satisficing D. maximizing E. brainstorming
A security might exhibit negative convexity because:
a. its duration is greater than its maturity. b. it has a fixed interest rate below current market rates. c. a bank has a negative GAP. d. it has embedded options. e. markets are not efficient.