A Xerox photocopy machine in the university chancellor's office is an example of which type of business product?
A. component part
B. MRO product
C. accessory
D. component material
E. installation
Answer: C
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Which of the following organizational actions would LEAST likely help enhance the positive effects of diversity on teams?
a. Developing social contacts and relationships between workers of different backgrounds b. Equalizing status c. Creating a psychologically safe environment d. Teaching about cultural differences
Mark is the treasurer of Sky-Hi-Tech Corporation and, as such, he is responsible for protecting
he assets of the corporation. One of Mark's subordinates, Jill, is in charge of reconciling the monthly corporate bank statements. Over a period of several months, Jill embezzles a large amount of money from Sky-Hi-Tech, covering up the theft using her bank reconciliations. If Mark had adequately supervised Jill, she could not have embezzled this money. Mark's actions (or inactions) constitute a breach of his duty of: A) Loyalty. B) Obedience. C) Ultra vires. D) Due care. E) This is not a violation of any duty due to the business judgment rule.
Saran Digital, Inc starts the year with $3,500 in its Estimated Warranty Payable account
During the year, there were $213,000 in sales and $4,900 in warranty repair payments. Saran Digital estimates warranty expense at 4% of sales. The Warranty Expense for the year is ________. A) $8,520 B) $4,900 C) $3,500 D) $7,120
In general, product life cycles appear to be getting longer in recent years.
Answer the following statement true (T) or false (F)