The ______ structure is arguably the most common and well-known hierarchical structure; divisions are organized by the type of work they do.
a. functional
b. unit
c. matrix
d. network
a. functional
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The premium approach involves giving a prospect significant discounts when bulk purchases are made.
Answer the following statement true (T) or false (F)
In the center of Porter's Five Forces Model is competition. Which of the following represents the four outer boxes?
A. Buyer power, systems power, threat of false entrants, and threat of substitute products or services. B. Buyer power, systems power, threat of new entrants, and threat of substitute products or services. C. Buyer power, supplier power, threat of new entrants, and threat of substitute products or services. D. Business power, supplier power, threat of new entrants, and threat of powerful services.
When faced with an organizational change, employee reactions vary. Employees who support change and help the organization implement it are practicing ______.
A. transference B. resistance C. compliance D. commitment to change
What is the formula for calculating the times-interest earned (TIE) ratio?
A. TIE ratio = Interest charges ÷ Total liabilities B. TIE ratio = Earnings per share ÷ Interest charges C. TIE ratio = Sales ÷ Interest charges D. TIE ratio = Earnings before interest and taxes ÷ Interest charges E. TIE ratio = Interest charges ÷ Net income