Regardless of the nature of the business, small firms can gain a competitive edge by providing exceptional customer service.

Answer the following statement true (T) or false (F)


True

Business

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The gross profit method estimates the ending inventory and cost of goods sold by using the firm's normal gross profit as a percentage of net sales

a. True b. False Indicate whether the statement is true or false

Business

Which of the following statements is true of feedback?

A. It is always transmitted verbally. B. It can be used only on relationships that are strong. C. It has both positive and negative effects. D. It elicits negative effects if given nonverbally.

Business

The prescriptive nature of LMX ______.

A. is described by the in-group and out-group B. relies on leaders adjusting to follower characteristics C. is found in the leadership-making phases D. relies on followers making a social connection with the leader

Business

In a decentralized company in which divisions may buy goods from one another, the transfer pricing system should be designed primarily to

a. increase the consolidated value of inventory. b. allow division managers to buy from outsiders. c. minimize the degree of autonomy of division managers. d. aid in the appraisal and motivation of managerial performance.

Business