A dynamic joint venture partner can evolve into a strong competitor
Indicate whether the statement is true or false
TRUE
You might also like to view...
The same four basic financial statements are prepared by both U.S. GAAP and IFRS.
Answer the following statement true (T) or false (F)
Gibson Products produces cast bronze valves for use in offshore oil platforms. Currently, Gibson
produces 1600 valves per day. The 20 workers at Gibson work from 7 a.m. until 4 p.m. , with 30 minutes off for lunch and a 15-minute break during the morning work session and another at the afternoon work session. Gibson is in a competitive industry, and needs to increase productivity to stay competitive. They feel that a 20 percent increase is needed. Gibson's management believes that the 20 percent increase will not be possible without a change in working conditions, so they change work hours. The new schedule calls on workers to work from 7:30 a.m. until 4:30 p.m., during which workers can take one hour off at any time of their choosing. Obviously, the number of paid hours is the same as before, but production increases, perhaps because workers are given a bit more control over their workday. After this change, valve production increased to 1800 units per day. a. Calculate labor productivity for the initial situation b. Calculate labor productivity for the hypothetical 20 percent increase c. What is the productivity after the change in work rules? d. Write a short paragraph analyzing these results.
The set of financial activities that support the OPERATIONS of a business is best described by which main area of finance?
A) Corporate finance B) Investments C) Financial institutions and markets D) International finance
Since Dillards operates in a complex and dynamic environment, its store managers are given significant freedom to run their stores. This indicates that top leaders at Dillards
A. centralize decision making. B. deemphasize lower-level management training. C. control their managers tightly. D. deemphasize lower-level management accountability. E. decentralize authority.