What is political savvy? Why is it an important component of relationship-building in organizations?
What will be an ideal response?
Often, leaders want to or need to build and maintain relationships with individuals who are not their formal subordinates or direct reports. Some examples are peers, customers/clients, suppliers, and superiors. These individuals also help a leader to achieve his/her goals. Political savvy is used to help develop and influence these relationships. Political savvy, according to Gerald Ferris and his colleagues, is “the ability of effectively understand others at work, and to use such knowledge to influence others to act in ways that enhance one’s personal and/or organizational objectives.” The four components of political savvy are social astuteness, interpersonal influence, networking ability, and apparent sincerity.
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Which of the following best describes routine purchases made from the same suppliers used in the past?
A) straight rebuys B) modified rebuys C) new-task purchase D) repetitive purchase
________ are statistical techniques that attempt to group data based on underlying similarity, and thus allow for interpretation of the data structures. No distinction is made as to which variables are dependent and which are independent
A) Interdependence techniques B) Dependence techniques C) Multivariate techniques D) Univariate techniques
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hour?The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.?The variable overhead efficiency variance for January is:
A. $1,496 F B. $1,540 U C. $1,496 U D. $1,540 F
Division S of Kracker Company makes a part that it sells to other companies. Data on that part appear below: Selling price on the intermediate market$30per unitVariable costs per unit$22per unitFixed costs per unit (based on capacity)$7per unitCapacity in units 50,000units?Division B, another division of Kracker Company, presently is purchasing 10,000 units of a similar product each period from an outside supplier for $28 per unit, but would like to begin purchasing from Division S.?Suppose that Division S has ample idle capacity to handle all of Division B's needs without any increase in fixed costs or cutting into sales to outside customers. If Division S refuses to accept a transfer price of $28 or less and Division B continues to buy from the outside supplier, the company as a
whole will: A. lose $70,000 in potential profit. B. gain $20,000 in potential profit. C. lose $60,000 in potential profit. D. lose $20,000 in potential profit.