The ?rst step in the team organization process is
A) selecting a meeting format B) identifying roles C) training the members D) recruiting members
D
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Which of the following is true about rareness and advanced factors of production?
A. Process knowledge, organizational architecture, and intellectual property are more difficult to imitate which results in a better chance in achieving long-term, sustainable competitive advantage. B. Intellectual property is the only advanced factor of production that is unique enough to capture long-term, sustainable competitive advantage. C. Since most process knowledge and organizational architecture is purchased from outside providers, it can be copied by other firms and does not lead to the rarity necessary to result in long-term, sustainable competitive advantage. D. Advanced factors of production are not able to capture the uniqueness that basic factors of production can achieve and therefore do not factor into the pursuit of long-term, sustainable competitive advantage. E. Advanced factors of production are less likely to be rare and are in general easier for rivals to imitate resulting in the inability for firms to achieve long-term, sustainable competitive advantage.
Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of the $12,500, $8,000 was for material and $4,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All
materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. If the average cost method is used the material cost per unit (to the nearest cent) would be: A) $2.04 B) $1.59 C) $1.91 D) $2.00
Social movement unionism attempts to move beyond structural power as a way to achieve its goals and instead also emphasizes power that comes from _______________________________ legitimacy.
Fill in the blank(s) with the appropriate word(s).
Moe, an electrical contractor, authorized Larry to make contracts with new customers on his
behalf. Larry entered into a contract with Curly but did not advise Curly that he was acting on behalf of Moe. If Moe refuses to honour the contract, which of the following statements is TRUE? A) Curly cannot sue either Larry or Moe B) Curly can elect to sue either Moe or Larry C) None of the above D) Curly can only sue Moe E) Curly can only sue Larry