Sarah is the manager of a store. As the holiday season approaches, Sarah decides that the store needs to be decorated. She knows Stephanie is creative, so she assigns Stephanie the task of decorating the store. This is an example of ______.
a. authority
b. responsibility
c. flexibility
d. delegation
d. delegation
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ABS specializes in repair and maintenance of industrial machines. One repair technician has been assigned to five identical grinding machines for repair and maintenance. The machine breaks down after about 20 hours of use, and breakdowns have a Poisson probability distribution. It takes 6 hours to repair a machine, and repair times follow an exponential distribution. Machine downtime costs the company $250 an hour, and the technician is paid $50 an hour. Determine the average number of machines working.
a. 3.59 b. 2.87 c. 3.43 d. 2.54
What are the core management skills? Why are these important to all managers?
What will be an ideal response?
What is the name of the international organization that fosters monetary and financial cooperation and serves as a bank for central banks?
A) WTO B) EU C) World Bank D) Bank for International Settlements
There are two primary tools used to forecast and set in action a company plan. Which of the tools below is one of these?
A) Statements of retained earnings B) Profit budgets C) Income statements D) Pro forma statements