What stakeholder group is being protected when managers follow proper procedures and strive to be accurate and candid in assessing future growth?
A) Customers
B) Employees
C) Investors
D) Suppliers
E) Local communities
Answer: C
Explanation: C) To maintain a socially responsible stance toward investors, managers should follow proper accounting procedures, provide appropriate information to shareholders about financial performance, and manage the organization to protect shareholder rights and investments.
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Which statement is true about the Consumer Price Index (CPI)?
A. The CPI helps organizations to compete with companies in other industries that hire similar employees. B. The CPI helps organizations lure top-quality employees. C. The CPI helps control labor markets' demand for pay increases. D. The CPI helps organizations in the product markets decide an upper limit on the pay they will offer. E. Following and studying changes in the CPI helps employers prepare for changes in the demands of the labor market.
Refer to Hyundai. A worker noticed that the Hyundai Sonata and XG 350 sedans had identically sized spare tires but different sized spare tire covers. Using the same spare tire cover for both cars saves Hyundai $100,000 a year and increased the company’s productivity by ____.
a. decreasing confusion b. getting the same output fo fewer input c. increasing inventory of only one item d. decreasing variation
In SPIN selling, problem questions are designed to get the buyer thinking about the value of finding a solution to the problem.
Answer the following statement true (T) or false (F)
____________________ messages are important to communicate when personal contact is impossible, to establish a record of the incident, to formally confirm follow-up procedures, and to promote good relations
Fill in the blank(s) with correct word