Companies invest a great deal to hire, train, and keep the best and the brightest employees in an attempt to gain competitive advantage by employing ________ human resources.
A) similar
B) imitable
C) empowered
D) diverse
E) rare
E) rare
Explanation: People are a source of competitive advantage when their skills, knowledge, and abilities are not equally available to all competitors (they are rare). Top companies invest a great deal to hire and train the best and the brightest employees to gain advantage over their competitors.
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Peter is the marketing manager of Alcafossil Watches Co. The company has introduced a new line of smartwatches into the market, and Peter is responsible for securing commitment from clients. Throughout the sales presentation, he asks questions like, "How does this sound to you so far?" In this scenario, Peter is using ________ to assess the pulse of the situation.
A. benefit statements B. trial order C. trial closes D. requirements E. closing cues
The ______ identifies the tasks and responsibilities of a position.
a. job analysis b. job description c. job specification d. job statement
________ is any interference in the communication process that blocks perfect understanding.
A. Reinforcement B. An amplifier C. Noise D. Ambiguity E. A cue
Use the following labor budget data for Roy & Miller Accounting, LLP. Partner Salaries$400,000 Partner Benefits (40%) 160,000 Total Partner Compensation$560,000 Staff Accountant Salaries$600,000 Staff Benefits (40%) 240,000 Total Staff Compensation$840,000 The budgeted overhead cost for the year is $1,260,000. The company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material.What is the overhead rate for partners, if separate rates are used for partners and staff accountants?
A. 90% B. 225% C. 75% D. 50% E. 60%