Esther has decided that she wants to increase her profits by expanding her market. She thinks it would be good for her organization to gain knowledge about different cultures and their business practices. With the advent of the Internet and other communication technologies, she sees that she can participate in the international marketplace with little additional expense. Which concept below did Esther decide to do?
a. Globalize
b. Internationalize
c. Nationalize
d. Sovereignize
a. Globalize
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On December 31, Winters Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Winters follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
A. Debit Accounts Payable $385; credit Cash $385. B. Debit Accounts Payable $385; credit Supplies $385. C. Debit Supplies Expense $385; credit Cash $385. D. Debit Supplies $385; credit Accounts Payable $385. E. Debit Supplies Expense $385; credit Supplies $385.
________ refers to knowing the target market, specifying the benefits to be delivered to the target customers, having a basic idea of how the product will be positioned, and finalizing the features and attributes
A) Fast time-to-market B) Sharp product definition C) Careful launch planning D) Strong market orientation
Overton Company uses cost-based transfer pricing. Its Food Processing Division has a standard variable cost of $8.50 per case and allocated fixed overhead of $2.25. The Processing Division, which has excess capacity, sells its output to external customers for $12.00 per case. If Overton uses full (or absorption) cost as its base, the transfer price charged to its Retail Division should be:
A. $8.50 plus a markup. B. $14.25. C. $12.00. D. negotiated between the managers of the Processing and Retail Divisions. E. $10.75.
Which of the following is true regarding reduction of employee stress?
A. In order to reduce stress, managers should make sure that the employee's abilities match the job requirements. B. A realistic job preview during the selection process maximizes stress by reducing ambiguity over job expectations. C. Improved organizational communications maximizes ambiguity-induced stress. D. Job redesigns that increase opportunities for employees to participate in decisions and to gain social support increase stress.