An ethical guideline for dealing with confidential information is not to pass it along unless the welfare of others is at stake
Indicate whether the statement is true or false.
Answer: TRUE
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André, the plant manager, is interested in increasing the facility's productivity by utilizing MBO so that his managers and their employees are more focused on objectives. This month André asked his managers to concentrate on the two first steps of MBO, which are
A. for managers to develop an action plan and to give employees a performance appraisal. B. for employees to develop an action plan and to study the competition. C. to periodically review performance and to develop an action plan. D. to review each employee's performance and to set an action plan based on performance. E. to jointly set objectives with their employees and to have managers develop action plans.
Which of the following is an accurate description of the null hypothesis?
A) a formal statement that there is a significant difference between the hypothesized value and the value we find in our sample B) a formal statement that there is no difference between the hypothesized value and the value we find in our sample C) a formal statement that there is a slight difference between the hypothesized value and the value we find in our sample D) an informal statement that there is a large difference between the hypothesized value and the value we find in our sample E) an informal statement that there is an average difference between the hypothesized value and the value we find in our sample
The controllable variance measures:
A) operating results at less than normal capacity B) the efficiency of using variable overhead resources C) operating results at more than normal capacity D) control over fixed overhead costs
Match the following elements of a business plan with their descriptions.
a. Executive summary. Choose... i) Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls. ii) Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners). iii) Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors. iv) Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted. b. The business opportunity. Choose... i) Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls. ii) Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners). iii) Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors. iv) Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted. c. Marketing and promotional strategy. Choose... i) Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls. ii) Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners). iii) Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors. iv) Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted. d. Operational strategy. Choose... i) Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls. ii) Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners). iii) Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors. iv) Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted.