Michael Porter's three generic strategies can be depicted on two dimensions: competitive advantage and product life cycle.
Answer the following statement true (T) or false (F)
False
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Which of the following is an example of POOR practice in making a code of conduct effective?
a. Set up an ethics committee within the board of directors b. Review and make adjustments to the code when necessary c. Assign one unit within the company to be responsible for the effectiveness of the firm’s ethical commitment d. Make sure senior staff set the correct example by “walking the talk”
A corporation is a separate entity from its owners where the:
A. owners are not personally responsible for the obligations of the company. B. articles of incorporation are not required to set up the company. C. company cannot enter into binding contracts in its name. D. death or withdrawal of an owner dissolves the company.
Jonathan Lopez wants to be his own boss and ventures into retailing fruit in the neighborhood. Jonathon files the paperwork necessary to obtain a license to carry out business in his city, but files no other paperwork with any other government entity. Under which of the following major forms of business does Jonathan's store appear to be?
A. a corporation B. a sole proprietorship C. a limited partnership D. a limited liability corporation
When a team reaches an impasse, which facilitative intervention strategy should a facilitator use in order to help the team come up with new, creative ideas?
A. Using reality check B. Using hypothetical questions C. Using the boomerang approach D. Using the group memory