A study by Rarick and Vitton found that firms with a formalized mission statement have ________ the average return on shareholders’ equity than those firms without a formalized mission statement.
A) one-quarter
B) half
C) twice
D) three times
E) five times
Ans: C) twice
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What will be an ideal response?
To retain the reader's goodwill:
A) State the bad news in the first sentence of the first paragraph B) Use positive language, stressing what you can do rather than what you cannot do C) Give the best reason under the circumstances showing benefits to the company D) Repeat the bad news in several paragraphs and remind the reader in closing
"Crony capitalism" describes business practices in countries with ________.
A. limited government interference B. market-oriented economic systems C. weak corporate governance D. well-developed legal and institutional protections
To cope with the skills gap, more and more companies are hiring individuals based on the degrees they hold rather than based on the skills they have.
Answer the following statement true (T) or false (F)