Peter, Preston, and Penny organize an LLC (limited liability company) in the month of January. While composing the operating agreement, they forget to include the amendment clause. Six months later, the situation demands an amendment to the operating agreement. Which of the following would best apply in this scenario?
A) The operating agreement can be amended if all three members approve.
B) The operating agreement cannot be amended as it contains no amendment provision.
C) The operating agreement can be amended with the affirmative majority of all shareholders.
D) The operating agreement can be amended only 60 days after a new amendment provision is included.
A
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The performance measurement system should encourage each manager to act in a manner that
a. makes the manager's units profits as high as possible. b. most positively supports the organization's mission and competitive strategies. c. increases his/her performance reward in the form of profit sharing. d. reduces the need for informational elements in support of the manager's planning function.
An American company wanting to be competitive in the European market would be most likely to seek which type of certification?
A) ISO 14000 B) DMAIC C) total quality management (TQM) D) Six Sigma E) PLC
The project represented by this resource load chart has a maximum limit of 6 units of resource activity in any day. The first activities that are strong candidates for shifting are:
A) Activity A B) Activities B and C C) Activities D and E D) Activity E and F
The part of the labor-management negotiation process that focuses on dividing a fixed economic "pie" is known as
A. attitudinal structuring. B. integrative bargaining. C. collective bargaining. D. distributive bargaining. E. intraorganizational bargaining.