Which agency is responsible for estimating the percentage of family-owned businesses in the North American business enterprise?

A. The American Family Business Institute
B. The Conway Center for Family Business
C. Vantage Business Center
D. Wendel International Center for Family Enterprise


Answer: B

Business

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Which one of the following situations reflects a weak internal control system?

a. All employees are well supervised. b. A single employee is responsible for comparing a receiving report to an invoice. c. All employees must take their vacations. d. A single employee is responsible for collecting and recording of cash.

Business

Consider a work center with a demand rate of 20 parts per hour and using a container that can hold 5 parts. It is estimated that the container takes 30 minutes to cycle through the work cell. Assume a safety stock level of 10 percent. What is the value of C for this system?

a. 5 b. 0.5 c. 0.1 d. 20

Business

Within what amount of time (in weeks) is there a 99% probability that the critical path for this project will be completed?

What will be an ideal response?

Business

Answer the following statement(s) true (T) or false (F)

1. An organizational survey that appears to promise change will only deepen or increase cynicism among members if nothing is done with the results. 2. Having a background in statistical analysis is not useful when working with surveys/questionnaires. 3. Observations are extremely useful for studying unusual problems or infrequent interactions. 4. Organizational policies that restrict use of personnel files is an example of an access criteria when selecting data gathering methods. 5. OD practitioners should treat their own research practices and research practices with an organization differently with regard to informed consent.

Business