Which of the following functions is not performed by a trading company?
A. Taking title to products
B. Manufacturing products for foreign trading
C. Linking buyers and sellers in different countries
D. Buying products at the lowest price consistent with quality
E. Performing activities necessary to move goods to the foreign country
Answer: B
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According to Bartlett, which of the following was the first stage of development for successful organizations that avoided the myth of the ideal organizational structure?
A) transitioning from ethnocentric and polycentric to geocentric orientation B) building channels of communication between managers in various parts of the world C) developing organization norms and values to support decision making D) moving from international division to a worldwide product division
The number of workers over the age of ______ has increased by more than 75% in the past 20 years.
A. 40 B. 50 C. 75 D. 90
Poultry Processing processes chickens for fast food restaurants. The chickens arrive from the farms on trucks, in cages, at a rate of 8 trucks per hour according to the Poisson distribution
The quality standards of Poultry Processing require that the chickens be processed within 30 minutes, which includes the time from when the trucks arrive until the chickens are finished processing. What is the minimum average processing rate (in truckloads per hour) that must be designed for the machine in order to ensure that the cages will be processed, on the average, in 30 minutes or less? Assume processing time is exponentially distributed. A) 4.5 trucks per hour B) 9 trucks per hour C) 10 trucks per hour D) 18 trucks per hour
The only type of monopoly that is prohibited by law is
a. one that raises prices. b. one that arises from unlawful acts. c. one that causes business failure. d. none of these.