You must explain a new procedure to your workgroup. Which is the best communication channel to use--a face-to-face meeting or an e-mail? Support your choice with at least two reasons.
What will be an ideal response?
A face-to-face meeting is the preferable channel because (a) it allows immediate
feedback, (b) it allows everyone to hear the message at the same time, (c) it is more
persuasive than writing, and (d) it allows the manager to observe the subordinates’
nonverbal behaviors.
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Which of the following is not needed in calculating the value of a bond?
A) Face interest rate B) Market interest rate C) Future value of periodic interest payments D) Present value of face (maturity) amount
When a competitor cuts its price, a company should ________ if it believes it will not lose much market share or would lose too much profit by cutting its own prices
A) reduce its production costs B) reduce its marketing costs C) maintain its current prices and profit margin D) increase its marketing budget to raise the perceived value of the product E) increase its production costs to improve the quality of the product
Who operates the business and develops a plan of reorganization in Chapter 11 bankruptcies?
a. The trustee b. The debtor in possession c. The state courts d. The creditors' committee
Use the information in Table 5.2. Using the traditional method, what is the profit if the company manufactures the optimal product mix (consider variable costs only–overhead is not included in this profit calculation)?
A) less than or equal to $6,500 B) greater than $6,500 but less than or equal to $6,700 C) greater than $6,700 but less than or equal to $6,900 D) greater than $6,900