Supplier-base downsizing means reducing the number of suppliers to concentrate purchasing.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1. The strategic-management process is often touched off by a crisis. 2. The first three steps in the strategic-management process are establishing the mission and the values statement, assessing the current reality, and formulating the grand strategy. 3. Frank is interested in rewriting the vision statement for his antique shops, and he wants his employees and his business to grow. Therefore, the vision for Frank's stores should be positive and inspiring, and it should stretch the company and his employees to achieve objectives that they believe are not possible. 4. When Pablo and his partner wrote the mission statement for their fitness center, P&P Fitness, it did not include descriptions of their customers or the products and services they offer, because those descriptions belong in a vision statement.
Which of the following generally is considered a limitation of the balance sheet?
a. The balance sheet reflects the current value of a business. b. The balance sheet reflects the instability of the dollar. c. Balance sheet formats and classifications do not vary to reflect industry differences. d. Due to measurement problems, some enterprise resources and obligations are not reported on the balance sheet.
Identifying high-cost points along the supply chain is the first step toward reducing operational costs
Indicate whether the statement is true or false
Crazy Powermakers, Inc. (Scenario)Crazy Powermakers, Inc., was a unique company in that its philosophy was to prevent any one person from having too much power in the organization. Therefore, any power found to exist in the company was distributed to someone who did not have any power yet. As a result, Tamera was the person employees went to when disciplinary action had to be taken; Kayse was the supervisor that the employees went to for general decisions that needed to be made; Clay was the person employees went to when they were to receive special recognition; and Juan was the person employees went to when knowledge of a topic was needed.Clay held ________ power.
A. reward B. legitimate C. coercive D. referent