Which of the following is NOT a central concept in Scientific Management?

a. A ‘one best way’ of organizing
b. Routinization and standardization
c. Specialization
d. Teamwork


d. Teamwork

Business

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According to Y&R's psychographic segmentation study, which of the following groups of customers is likely to include managers or professionals who frequently travel and dine out?

A) Transitionals B) Aspirers C) Mainstreamers D) Succeeders

Business

Global advertising offers companies economies of scale in advertising and improved access to distribution channels

Indicate whether the statement is true or false

Business

A win-win situation for the buyer and supplier, in which the buyer chooses the supplier with the lowest bid and the supplier is awarded the contract for a price higher than their quotation, is the ______.

a. English auction b. Dutch auction c. sealed-bid first-price auction d. second-price auction

Business

Examples of folkways are

A. societal taboos that prohibit murder, theft, and incest. B. laws that prescribe punishments for different types of offenses. C. laws in a country which make divorce permissible. D. societal conventions that concern gender-appropriate clothing. E. religious doctrines that forbid the consumption of particular types of food.

Business