Last summer a representative of OSHA, the agency responsible for enforcing health and safety regulations, visited one of Emilio’s construction sites and his company, Gutierrez Construction, was fined for several violations. To this company, OSHA represents a ______, part of an organizations' ______.
a. special-interest group; task environment
b. government regulator; general environment
c. political-legal force; general environment
d. special-interest group; external environment
e. government regulator; task environment
e. government regulator; task environment
Government regulators such as OSHA are regulatory agencies that establish ground rules under which organizations may operate. These regulators are part of the task environment, the groups that present the organization with daily tasks to handle.
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Which of the following statements regarding a lock-box system is incorrect?
A) Customers send their checks directly to a post office box that belongs to the company. B) Internal control is tight because company personnel never touch incoming cash. C) A bank employee empties the box daily and records the deposits into the company's bank account. D) Cash is put into the company's bank account quickly.
The department within a company that performs the function of selling goods or services is called ________.
A. Finance B. Operations management C. Sales D. Marketing
The production facility for ABC Manufacturing is located in a flood plain. Although the risk of flood is low, ABC's risk manager is concerned that a flood could damage the plant and equipment
He received bids on flood insurance from two insurance agents, but decided the cost of coverage was too high relative to the risk. So he did not purchase flood insurance. Which risk management technique is ABC using with respect to the risk of flood? A) active retention B) noninsurance transfer C) passive retention D) avoidance
GR8 Marketing Company and Brainfreeze Tunes, Inc, sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have A) an executed contract
B) an express contract. C) an implied contract. D) a quasi contract.