Which of the following is NOT an example of post-transaction costs?
a. cost of returns and product recalls
b. cost of poor quality
c. damage to a company’s reputation
d. cost of evaluating suppliers
d. cost of evaluating suppliers
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Decentralization is a transfer of authority from the bottom to the top of an organization
Indicate whether the statement is true or false
When responding to a competitive proposal, how can a company be sure they are submitting what the audience wants?
A) By utilizing information in the RFP B) By meeting with the audience to determine need C) By meeting with competitors to see what they are including D) By responding with a proposal developed based on past experience E) By developing a proposal that includes the lowest cost possible for the audience
The debt/tangible net worth ratio:
a. is the same as the debt ratio. b. has the same objectives as the debt/equity ratio. c. includes both liabilities and shareholders' equity in the denominator. d. is a uniform computation across different companies.
Large firms can absorb bad employees easier than small businesses because they have organizational slack.
Answer the following statement true (T) or false (F)