Globax Corp. has had to let go 10% of its employees. Rather than viewing layoffs as a negative, Globax Corp. perceives a trimmer organization as an optimal way for employees to collaborate more intensely. Employees are encouraged to be creative and given more freedom to make decisions. Globax Corp. promotes the concept of ______.
What will be an ideal response?
decentralization
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When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include the fact that
A. there are abundant natural resources in the importing nation. B. satisfactory transportation facilities have already been established. C. both countries are economically prosperous. D. the trading partner has lower labor costs. E. the political climate in the importing nation is relatively stable.
A cost that changes as volume changes, but at a nonconstant rate, is called a:
A. Curvilinear cost. B. Fixed cost. C. Step-wise variable cost. D. Variable cost. E. Differential cost.
One source of life and health insurance underwriting information is an organization that life and health insurance companies can join
As a member, life and health insurance companies report health impairments of applicants, and this information is shared with member companies. Although the information is shared, the underwriting decision of the member company is not disclosed. What is this organization called? A) Fair Isaac Corporation (FICO) B) Medical Information Bureau (MIB) C) National Association of Insurance Commissioners (NAIC) D) National Association of Mutual Insurance Companies (NAMIC)
Pfitz Company is studying the impact of the following: 1. An increase in sales price on the break-even point.2. A decrease in fixed costs on the contribution margin.3. An increase in the contribution margin on the break-even point.4. A decrease in the variable cost per unit on the sales volume needed to achieve Pfitz's $68,000 target profit.5. An increase in sales commissions on the contribution margin and the break-even point.6. A decrease in anticipated advertising outlays on fixed cost and the break-even point.Required: Determine the impact of these operating changes (increase, decrease, no effect) on the item(s) noted.
What will be an ideal response?