A decentralized, organic approach with mutual adjustment for managing uncertainty is ideal for which of the following environments?
A. complex and dynamic
B. simple and stable
C. stable and dynamic
D. dynamic and simple
E. stable and complex
Answer: A
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The direct method of preparing a statement of cash flows
a. is the overwhelming choice of most companies. b. begins with net income in the operating activities section. c. is more difficult to understand than the indirect method for the average reader. d. will produce the same net figure as the indirect method.
Which of the following statements about the no-need objection is true?
A. No-need objections are typically handled through forestalling. B. No-need objections relate directly to the product. C. Such objections are rarely used because it is a rude way to get rid of the salesperson. D. Some salespeople actually encourage their prospects to make this kind of an objection because their sales presentation is poor. E. Once the no-need objection is expressed the salesperson should stop the presentation and try a close.
The first level of relationship in a business friendship is:
A. companions. B. confidantes. C. acquaintances. D. associates. E. adversaries.
Answer the following: a. Does a new partner in a firm have unlimited liability for debts existing when he joined the firm? b. What should a prospective partner do to avoid unreasonable liability? Explain