The process of identifying other organizations that are best at some facet of your operations and then modeling your organization after them is known as:
A) continuous improvement.
B) employee empowerment.
C) benchmarking.
D) copycatting.
E) patent infringement.
C
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Answer the following statements true (T) or false (F)
1. Power is the source of influence. 2. Personal power is directly related to the position one holds. 3. Influence can be thought of as power in use. 4. The ability to make a request and get a response due to the nature of the roles between two people is personal power. 5. Personal power comes from a person’s position and the communication networks they are in.
A company uses the periodic inventory system and had the following activity during the current monthly period. November 1:Beginning inventory100 units @ $20November 5:Purchased100 units @ $22November 8:Purchased50 units @ $23November 16:Sold200 units @ $45November 19:Purchased50 units @ $25Using the weighted-average inventory method, the company's ending inventory would be:
A. $2,400 B. $2,200 C. $2,250 D. $2,000 E. $4,400
Which of the following groups generally is charged with creating value through the process of organizing, coordinating, and leveraging employees as well as other forms of capital such as plant, equipment, and financial capital?
A. boards of directors B. stakeholders C. unions D. managers
The Retained earnings account has a credit balance of $37,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000, what is the ending balance in the Retained earnings account after all closing entries are made?
A. $43,400. B. $37,000. C. $35,400. D. $28,000. E. $52,400.