An example that assists in explaining organization and organizational change is ______.
A. organizations avoid external environments
B. it maintains itself through constant commerce with the external environment
C. still unknown
D. none of these
B. it maintains itself through constant commerce with the external environment
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A cell phone manufacturing firm produced 1,000 cell phones a day but believed that it could reasonably step up production to 2,000 cell phones a day Consequently, it built a larger plant and installed efficient machinery and work arrangements to realize the projected output. Which of the following can most likely be inferred from this information?
A) The unit cost of producing 2,000 cell phones per day would be twice that of the unit cost of producing 1,000 units per day. B) A production plant with the capacity of producing 5,000 cell phones a day would be most efficient. C) The unit cost of producing 2,000 cell phones per day would be lower than the unit cost of producing 1,000 units per day. D) A 2,000-capacity production plant would be less efficient because of increasing diseconomies of scale. E) The fixed costs of the firm are more likely to increase with the increase in output.
Which of the following is true of electronic materials as a sales aid?
A. Its demand in sales process has declined in recent years. B. It is expensive and difficult to produce. C. It does not involve product demonstrations and competitive comparisons. D. It can be customized for specific buyers. E. It does not provide a realistic portrayal of a product or service.
The main criteria used to measure team success are:
a. Task completion, social relations, and individual benefit. b. Task speed, quality, and accuracy. c. Social relations, team maintenance, and viability. d. Individual success, team success, and organizational success. e. None of the above.
Weiss Inc. arranged a $9,000,000 revolving credit agreement with a group of banks. The firm paid an annual commitment fee of 0.5% on the unused balance of the loan commitment. On the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis. The prime rate was 9% during the year. If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver? Do not round intermediate calculations.
A. $715,950 B. $793,350 C. $645,000 D. $735,300 E. $703,050