Planning, organizing, leading, motivating, and controlling make up the

A. four organizational goals every firm wants to achieve.
B. step-by-step management procedure.
C. four basic functions in the management process.
D. process of coordinating people and other resources to achieve the goals of the organization.
E. steps taken to achieve an organization's operational plans.


Answer: C

Business

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One effective way to arouse interest at the start of a speech is to

A) start with a joke. B) unite the audience around a common goal. C) use a teaser statement that implies what you'll be discussing. D) start with the ending. E) explain your credentials.

Business

Tosho Electronics, a leading Japanese, electronic manufacturer believes shorter product life cycles of new products reduces the scope for R&D and innovation. Offer a possible reason for shorter lifecycles

What will be an ideal response?

Business

Dissatisfaction with agency conduct is the most commonly cited reason for agency switches.

Answer the following statement true (T) or false (F)

Business

The accounting records of Omar Corporation contained the following information for last year:  BeginningEndingDirect materials inventory$9,000 $7,000 Work in process inventory$17,000 $31,000 Finished goods inventory$10,000 $15,000   Manufacturing Costs IncurredDirect materials used$72,000Overhead applied$24,000Direct labor cost (10,000 hours)$80,000Depreciation$10,000Rent$12,000Taxes$8,000Unadjusted cost of goods sold (does not includeoverapplied or underapplied overhead)$157,000  Selling, General, andAdministrative Costs IncurredAdvertising$35,000 Rent$20,000 Clerical$25,000   If Omar Corporation applies overhead to jobs on the basis of direct labor-hours and Job 3 took 120 hours, how much overhead should be applied to that job?

A. $288 B. $360 C. $528 D. $960

Business