Managers have exactly two choices when determining the boundaries of the firm: produce goods and services in-house ("make") or purchase them externally ("buy").
Answer the following statement true (T) or false (F)
False
The "make" and "buy" choices anchor each end of a continuum from markets to firms. Several alternative hybrid arrangements are available between these two extremes. Moving from transacting in the market ("buy") to full integration ("make"), alternatives include short-term contracts as well as various forms of strategic alliances (long-term contracts, equity alliances, and joint ventures) and parent-subsidiary relationships.
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An example of a cash outflow from operating activities is
a. loans made by the company to other parties. b. a payment for employee salaries. c. payments to acquire treasury stock. d. payments to acquire investments in debt and equity securities.
When a person buys a television set and gives the merchant a check drawn on his checking account, that person uses a form of negotiable commercial paper.
Answer the following statement true (T) or false (F)
Being from another country qualifies expatriates for international status.
Answer the following statement true (T) or false (F)
Which of the following is FALSE concerning the communication of negative news within an organization?
a. Employee morale, like customer goodwill, is fragile and easily damaged. b. Sensitive handling of bad news related to the organization can help build unity and trust. c. Delivering bad news as soon as possible minimizes damage resulting from rumors and shows respect for employees. d. The most effective approach is to use one strong communication method for communicating with employees.