Explain the importance of evaluating government financial performance.
What will be an ideal response?
It is important for taxpayers, creditors, managers, legislative and oversight bodies, and others to evaluate government financial performance to detect early warning signs of impending financial difficulty. Disastrous financial crises may be able to be avoided, or at least minimized, if concerned stakeholders alert management and governing bodies to potential problems. Another reason to monitor the performance of government managers is to ensure that future generations will not have to bear the financial burden for economic decisions made by this generation. Further, monitoring government financial performance provides useful information when evaluating operating performance; that is, whether scarce resources are used efficiently and effectively to accomplish the shared goals of the government and its citizens.
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After successfully penetrating China's first-tier cities, Mary Kay expanded into second- and third-tier locations
Indicate whether the statement is true or false
An economy of scope is BEST illustrated by being able to eliminate or reduce costs by
A. having more value chain activities performed in-house rather than outsourcing them. B. combining related value-chain activities of different businesses into a single operation. C. performing all of the value chain activities of related sister businesses at the same location. D. expanding the size of a company's manufacturing plants. E. extending the firm's scope of operations over a wider geographic area.
Promotion is also referred to as ________.
A. marketing communication B. slogans C. digital marketing D. place E. advertising
Cross-functional teams are not easy to manage because power is shifted due to the need for different expertise in different areas. What does this situation create
A) counterproductive work behaviors B) virtual teams C) leadership ambiguity D) lack of diversity E) citizenship behaviors