Organizational Dilemma (Scenario)Adam is a manager at Ohm Software. The top management are of the opinion that the organization needs to be more flexible in how work gets done and wants to encourage greater collaboration.The company decides to enter the cell phone market. Before launching its new handset, it creates a digital platform which allows the general public to post their ideas and opinions about the features they want in the new phone. In this scenario, the company is ________.
A. forming a joint venture
B. promoting cross-functional teams
C. promoting open innovation
D. forming a strategic partnership
Answer: C
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Suppose the earnings per share of a stock is $2 and the current price/earnings (P/E) ratio is 10. What is the current price of the stock?
A. $5 B. $8 C. $20 D. $40 E. $35
A company entered into a 2-month contract for $50,000 on April 1. It earned $25,000 of the contract services in April and billed the customer. The company should recognize the revenue when it receives the customer's check.
Answer the following statement true (T) or false (F)
The payroll department is responsible for both updating the employee records and writing paychecks
Indicate whether the statement is true or false
Prices of shopping products are typically higher than the prices of ________ products but lower than the prices of ________ products
A) unsought; convenience B) convenience; specialty C) specialty; unsought D) unsought; specialty E) specialty; convenience