Describe how general systems theory can be applied to a business.
What will be an ideal response?
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Which of the following describes an agency by estoppel?
A) an agency that arises when a principal ratifies a contract created by an unauthorized agent B) an agency created when a principal and an agent expressly agree to enter into an agency agreement C) an agency that is not expressly stated but is implied and inferred in the conduct of the parties D) an agency that arises when a principal creates the appearance of an agency that in actuality does not exist
Which of the following is TRUE regarding fabrication lines?
A) They are the same thing as assembly lines. B) They are the same thing as focused factories. C) They are a special type of process-oriented layout. D) They are usually machine-paced as opposed to worker-paced. E) They require completely different line balancing techniques than do assembly lines.
All of the following are examples of the different methods that supply management will apply to achieve integration except _____
a. Cross-functional or cross-organizational committees and teams b. Hiring English majors into supply management to correct document language c. Information systems such as videoconferencing and webmail d. Process-focused organizations that are dedicated to certain processes e. Colocation of suppliers and customers
If you know you will not need access to your money for at least six months to one year, what financial tool may be a viable option for you?
A) Checking Account B) Savings Account C) Roth IRA Account D) 401(k) Retirement Account E) Certificate of Deposit (CD)