List four of Mintzberg's Decisional roles of managers
What will be an ideal response?
• Entrepreneur: Searches the organization and its environment for opportunities and initiates improvement projects to bring about change; supervises design of certain projects
• Disturbance handler: Is responsible for corrective action when the organization faces important, unexpected disturbances
• Resource allocator: Is responsible for the allocation of organizational resources of all kinds; in effect, is responsible for the making or approval of all significant organizational decisions
• Negotiator: Is responsible for representing the organization at major negotiations
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Transfer pricing
a. is a concept readily accepted by managers of divisions, because it relies on concepts used in cost-based pricing methods. b. incorporates procedures that allow for ease in determining the amount of profit associated with each division of a decentralized company. c. involves determining the cost and profit if the output of one division is transferred to another division of the same company. d. is not used by many companies because it is difficult to eliminate intercompany profits.
At the end of the fiscal period, prepaid expenses are reported on the Income Statement as expenses
Indicate whether the statement is true or false
Procurement is the value chain activity that involves ________
A) marketing and selling products B) shipping products out of the organization C) providing service before, during, and after the sale D) purchasing materials
According to purchasing power parity theory, if ________ is(are) in equilibrium, products will cost the same in each country.
A. interest rates B. consumer spending C. exchange rates D. imports and exports E. domestic products