What are the two major sources of power based on position in traditional organizational hierarchies?
What will be an ideal response?
The two major sources of power based on position in traditional organizational hierarchies are legitimate power, grounded in the specific title, duties, and responsibilities of a job, and resource power, based on the control over resources associated with that position.
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A global company that uses market skimming as a pricing strategy is likely to invite charges of "dumping" by competitors in host-country markets
Indicate whether the statement is true or false
Consider Figure 5.1. Suppose the Mexican government provides a subsidy of $200 per ton to its steel producers, as indicated by the supply schedule SM (with subsidy). The total cost of the subsidy to the Mexican government equals
a. $200. b. $400. c. $600. d. $800.
Use this information for questions that refer to the United Tools case.Terry Harter is marketing manager for United Tools, and Mike O'Reilly is the firm's logistics manager. They work together to make decisions about how to get United's hand and power tools to its customers-a mix of manufacturing plants and final consumers (who buy United tools at a hardware store). United Tools does not own its own transport facilities, and it works with wholesalers to reach its business customers.Together, Harter and O'Reilly try to coordinate transporting, storing, and product-handling activities to minimize cost while still achieving the customer service level their customers and intermediaries want. This usually requires that United keep an inventory of most of its products on hand; but demand for
its products is fairly consistent over time, so inventory is easy to manage.Harter has identified four options for physical distribution systems she could use to reach two of her key wholesalers, Ralston Supply and Ricotta Tool Co. The total cost for each option-and the distribution service levels that can be achieved-are as follows:
Ralston Supply expects a very high level (90 percent) of distribution customer service. Ricotta Tool Co. is willing to settle for a 70 percent customer service -leveleven if that means some products will occasionally be out of -stockif it gets products at a lower price.For its large retail hardware customers (like Home Depot), United regularly ships smaller orders directly to individual stores or in some cases to the retail chain's warehouses. Cross-country shipments usually go by rail, while regional shipments usually go by truck. When United Tools considers its total inventory cost, which of the following would NOT be included?
A. costs of damage to products while in inventory
B. costs of inventory becoming obsolete
C. cost of money tied up in inventory
D. cost of a storage facility
E. All of these should be included in total inventory cost.
Which of the following describes the relief of "restitution in kind" awarded to a plaintiff?
A. an item taken from the plaintiff is to be returned by the defendant B. the honor of the plaintiff is to be restored by the defendant C. money is to be paid by the defendant for the cost of the injury suffered by the plaintiff D. the defendant has to pay a fine to the plaintiff and the amount of the fine is decided by the court which is generally beyond the cost of injury