The term _____ refers to the shortfall that occurs when the total value of a nation's imports is higher than the total value of its exports.
A. exchange rate
B. balance of payments surplus
C. trade deficit
D. positive balance
Answer: C
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How does the individualism/collectivism dimension of culture affect team work?
a. Collectivists are easier to organize into teams. b. Collectivists are not as competitive with outside groups. c. Individualists have difficulty resisting conformity pressure. d. Collectivists are more comfortable confronting other team members.
A store attempting to increase sales of impulse goods should utilize storability product groupings
Indicate whether the statement is true or false
Which of the following is an advantage of the budgeting process?
A) It requires very little input from various departmental managers, leaving them more time to devote to day-to-day activities. B) It can define specific goals and objectives that may be used in evaluating future job performance. C) It forces management to focus on the past and not be distracted by the day-to-day operations of the business. D) It requires no communication between various managers in the organization.
For Max Weber most economic action rests on the best technically possible practice of quantitative calculation or accounting. What term does he use for this type of rationality?
a. Substantive rationality b. Formal rationality c. Multiple rationality d. Rationalities