Which of the following is likely to occur during economic downturns?
A) People tend to spend more on luxury goods.
B) Consumption of necessary goods decline.
C) Long-term credit is available at concessional rates of interest.
D) The purchasing power of the population declines.
E) The level of investment in the economy rises.
D
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Phelps Company manufactures custom-designed filtering equipment for swimming pools and tanks. In May 2014, the company had net sales of $895,000 and incurred the following costs of quality: Product design costs $ 8,600 Product recall costs 5,200 Product simulation costs 13,500 Product testing costs 3,500 Product warranty claims 2,000 Scrap and rework costs 3,000 The costs of nonconformance to
percentage of net sales was A) 1.1% B) 2.9% C) 4.0% D) 4.5%
In terms of team rewards and recognition, skill-based pay works well with ______.
a. self-managed teams performing complex tasks b. management-directed teams performing complex tasks c. self-managed teams performing simple tasks d. management-directed teams performing simple tasks
According to the text, when supervisors are being evaluated, _____ may provide information about their managerial practices that we would be unable to find out using other means.
A. other managers B. subordinates C. the individual D. customers E. their bosses
A building attached to a piece of land would be considered a ________ property
A) personal B) movable C) chattel D) real