According to industrial organization theory, which factor does NOT influence market structure?
a. Supply conditions
b. Demand for a product
c. Manufacturing base of the leading firm
d. The degree of differentiation of products
c. Manufacturing base of the leading firm
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Which of the following is true of unity of command?
A. It holds that every employee should report to more than one supervisor. B. It strictly holds that all decision-making authority should rest with the supervisor. C. It helps to eliminate factors within organization structure like complexity and confusion in the workplace. D. It allows supervisors to be more flexible as they command different teams at regular intervals.
Marty and Biff both work for the same company producing the same teacups. However, Biff gets paid twice as often as Marty even though they get paid the same amount of money per completed teacup. This scenario is an example of
a. Piece rate plan of individual-level performance-based pay b. Profit sharing plan of team- and organization-level performance-based pay c. Merit pay plan of individual-level performance-based pay d. Gainsharing plan of team- and organization-level performance-based pay
For most business presentations, you should let the audience know up front what you expect of them
Indicate whether the statement is true or false
Corporate governance can be defined as the relationship between a corporation and its directors
a. True b. False Indicate whether the statement is true or false