Statco's Control (Scenario)Statco, Inc., is a statistical software company based in Columbia, TN. This publicly traded firm has grown in a systematic fashion over its 25-year existence and now claims more than 12,000 employees worldwide. As it has grown, the company has adopted a hierarchical structure, which emphasizes organizational authority. Management relies heavily on administrative rules, regulations, and policies in order to meet its goals. However, the company has struggled to meet projected revenues for each of the past 10 quarters. The firm hires Mark Adams, an expert in control system design, to design a control system and offer suggestions to improve the firm's performance.Mark wants to use a tool which is easy to visualize and effective for showing relationships. Which of
the following tools is best suited for this?
A. personal observations
B. oral reports
C. written reports
D. statistical reports
Answer: D
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The costs of materials used in production are transferred from the Materials Inventory account directly to the Cost of Goods Sold account
Indicate whether the statement is true or false
Marcus employs a real estate broker, Dean, to sell his house. Dean's express powers are to advertise and market the house for sale, show the house to prospective buyers, and accept offers from persons who want to purchase the house. He is not allowed to complete a deal without Marcus's consent. Marcus goes away on a month-long trip where he cannot be contacted. During this time, a short circuit in the house causes a power outage. Dean uses his authority to hire an electrician to repair the circuits and restore electricity in the house. Marcus then comes back and pays Dean for the electricity repair. What is the nature of the agency that Dean used to fix the electricity problem in the house?
A. implied agency B. agency by ratification C. power of attorney D. express agency
When considering income as a demographic variable affecting marketing efforts, marketers need to recognize that
A. income in the United States has become more unevenly distributed. B. everyone has been equally affected by the recession. C. middle-income consumers are quickly becoming upper-income consumers. D. everyone is equal. E. there is increasing purchasing power among lower-income groups.
Poor communication is likely if
A. there is no noise in the message channel. B. the source and the receiver don't have personal contact. C. immediate feedback is not possible. D. the encoder and the decoder are not the same person. E. the source and the receiver do not have a common frame of reference.