In the calculation for the economic order quantity, ______.
A. both ordering costs and holding costs are exact values
B. the ordering costs are approximate, but the holding costs are exact values
C. the ordering costs are exact values, but the holding costs are approximate
D. both ordering costs and holding costs are approximate
D. both ordering costs and holding costs are approximate
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The disadvantage of the ______ conflict-handling style is that it is very time-consuming.
A. avoiding B. forcing C. compromising D. collaborating E. accommodating
When the parties do not agree on the duration of the agency and the agent has incurred substantial expenses in completing the agency, a court will likely hold that:
A. the principal cannot terminate the agency until after the agent has had a reasonable time to try to earn the expected commission. B. only the principal can terminate the agency and the courts cannot hold the agent liable for any expenses incurred by the agent during the agency period. C. the principal will be required to indemnify the agent if some fault of the agent causes a loss. D. the agency relationship must be terminated immediately to avoid unjust enrichment.
The most significant signs of a well-managed company are
A. a visionary mission statement and a willingness to pursue offensive strategies rather than defensive strategies. B. a profitable business model and a balanced scorecard approach to measuring the company's performance. C. aggressive pursuit of new opportunities and a willingness to change the company's business model whenever circumstances warrant. D. the eagerness with which executives set stretch financial and strategic objectives and develop an ambitious strategic vision. E. good strategy-making combined with good strategy execution.
The textbook cited the division of the company HP into two separate companies and the splitting of payments system PayPal from eBay as a good example of
a. The benefit of organizational structure b. The plus/minus of a broad mission statement c. How power and politics can be misused in organizations d. The way to create an effective culture