Explain external competitiveness.
What will be an ideal response?
External competitiveness refers to the pay relationships among organizations-the organization's pay relative to its competitors. It is expressed in practice by (1) setting a pay level that is above, below, or equal to that of competitors; and (2) determining the pay mix relative to those of competitors.
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In Kelo v. City of New London, the court permitted the use of eminent domain to take property that was to be given, in part, to private individuals and companies so that they could develop the land for the benefit of the city and its citizens.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. In a general partnership, each partner has limited personal liability for the debts of the business. 2.) In a general partnership, if one partner cannot pay his or her part of the debts, the other partner or partners must pay with their personal assets. 3. In a partnership, when a partner contributes a particular asset to the firm, he or she is considered to be the sole owner of the asset. 4. In a partnership, the income is taxed at the partnership level as well as at the personal level of the owners. 5. In a general partnership, the partners have unlimited personal liability for the debts of the business.
Alyssa strongly desires to become more ethical. She is demonstrating ______.
A. cognitive decision-making competence B. affective pre-behavioral disposition competence C. context management competence D. none of these
The gross margin ratio:
A. Should be greater than 1 for merchandising companies. B. Is a measure of liquidity and should exceed 2.0 to be acceptable. C. Is also called the profit margin. D. Indicates the percent of sales revenue remaining after covering the cost of the goods sold. E. Is also called the net profit ratio.