When companies become too tall and the chain of command too long, strategic managers tend to lose control over the hierarchy and, subsequently, their strategies.
Answer the following statement true (T) or false (F)
True
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A predictive analysis technique in which variables are used to predict the level of another by use of the straight-line formula, y= a + bx is:
A) chi-square B) Pearson correlation C) digression analysis D) regression analysis E) summarization analysis
Barbara is selling her car. She knows that the brakes do not work. When a potential buyer asks Barbara if there are any problems with the car, Barbara assures the buyer that there are no problems. The buyer purchases the car based on the assurance that there is nothing wrong with it. The buyer may be able to sue Barbara for
a. assault. b. defamation. c. fraudulent misrepresentation. d. appropriation.
Denny allows Elbert to store his trailer on Denny's property for $20 a month while Elbert works temporarily at a distant job site. Later, Denny no¬tices rainwater collecting in the trailer and covers it with a tarp at a cost of $50. This cost is most likely borne by
a. Denny and Elbert in equal measure. b. Denny. c. Elbert. d. Cody's employer.
Crimson Plumbing Supplies expects total sales of $9,000,000 this year. Ten percent of the company's sales are
paid in cash; credit sales are usually paid by check. The average check size is $3,000. Second National Bank is offering the company a lock-box system. The fees are $800 per month plus $.60 per check. Short-term marketable securities are currently earning 8 percent per year. What reduction in check collection time is necessary for Carrollton Plumbing Supplies to be neither better nor worse off from adopting the proposed system? Use a 365-day year.