Procter & Gamble dropped the price of Pringles Potato Chips in the Southeast due to price competition and consumer demand. As a result of the price reduction, Procter & Gamble increased unit sales and earnings by 10 percent due to:
A. reduction in supply
B. increases in both supply and demand
C. demand being elastic
D. demand being inelastic
E. market share fluctuations
Answer: C
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Which of these organizational patterns is best suited for a persuasive speech?
a. chronological b. spatial c. topical d. problem-cause-solution
Most successful organizations minimize the need for explicit rules, regulations, and other boundaries by
A. designing effective reward systems. B. encouraging employees to see themselves as free agents. C. discouraging the formation of subcultures that isolate work groups. D. posting written statements of the organization's goals and objectives.
Assume an organization has total current assets of $200,000; total current liabilities of $75,000; inventories of $50,000; prepaid expenses of $25,000; net sales of $770,000; and beginning accounts receivable of $42,000 and ending accounts receivable of $44,000 . What is the quick ratio for this organization?
a. $125,000 b. 1.7 c. 17.9 d. 19.9
Which one of the following is NOT characteristic of behavioural theories of leadership?
a. Good leaders show a concern for production b. Good leaders show a concern for people c. Good leaders are born d. Good leaders are made