Discuss the changes that a person goes through when he or she gets promoted to a supervisory position.
What will be an ideal response?
Becoming a supervisor marks a big change in a person's work life. The new supervisor suddenly must use more human relations and conceptual skills and devote more time to planning ahead and keeping an eye on a department's activities.
Also, a change occurs in the supervisor's relationships with the employees in the department. Instead of being one of the crowd, the supervisor becomes a part of management-even the target of blame or anger when employees resent company policies. All these changes are bound to lead to some anxiety. It is natural to wonder whether you are qualified or how you will handle the problems that surely will arise.
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________ compensate retailers for prominently displaying and promoting goods
A) Display allowances B) Off-invoice allowances C) Stocking allowances D) Rebates
Marking to market is the process by which the clearing house of an exchange ________
A) debits and credits the losses and profits to the margin accounts from the daily price changes of futures prices; closes the contract, and opens a new one at the new price B) forces the investor to go long the currency C) allows the market forces to affect daily prices until the expiration date D) closes the old contract and sets the price of a new contract a zero
Which of the following is a term that refers to selling a product or system for less than its true price?
A) bottleneck B) roll up C) buy-in D) bullwhip
Consider the following situation as a Bayesian; the situation is very similar to the "Kahneman's Cab" situation we discussed in class. In a given population, 1% of the people might have cancer. Tests can be taken to identify cancer. The following are the details about the test: 1) Test will be positive 80% of the time if someone has cancer (and therefore 20% miss it). 2) 9.6% of tests detect cancer when it's not there (and therefore 90.4% correctly return a negative result). Suppose you get a positive test. What is the actual probability you have cancer?
A. ~1% B. ~99% C. ~80% D. ~8%