Which of the following represents one of the challenges of management?
A. enjoy relatively easy work
B. support, coach, and nurture others
C. have little influence on organizational outcomes
D. have to deal with a variety of personalities
Answer: D
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a. True b. False Indicate whether the statement is true or false
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What will be an ideal response?
Peter, Preston, and Penny organize an LLC (limited liability company) in the month of January. While composing the operating agreement, they forget to include the amendment clause. Six months later, the situation demands an amendment to the operating agreement. Which of the following would best apply in this scenario?
A) The operating agreement can be amended if all three members approve. B) The operating agreement cannot be amended as it contains no amendment provision. C) The operating agreement can be amended with the affirmative majority of all shareholders. D) The operating agreement can be amended only 60 days after a new amendment provision is included.
Indirect distribution typically requires less capital than direct distribution because
A. merchant wholesalers and retailers usually pay for products when they purchase them and then take over the costs of carrying inventory. B. agent wholesalers may take on much of the selling effort and not expect any compensation until the revenue is in on what they've sold. C. intermediaries may provide the capital required for logistics facilities. D. All these answers are correct.