Sophisticated customers, both industrial and consumer, no longer talk about price increases – they demand price reductions!

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Tech Geeks, a sole proprietorship that uses contract labor, has all of its authority centralized in a single person (the owner), a flat hierarchy, few rules, and low work specialization. Tech Geeks is an organization with a

A. team-based design. B. simple structure. C. hollow structure. D. functional structure. E. horizontal design.

Business

Due to the limitations of the BCG and other formal portfolio planning models, many companies are placing responsibility for strategic planning in the hands of cross-functional teams of divisional managers who are close to their markets

In such organizations, strategic planning is ________. A) centralized B) decentralized C) purposeful D) limited E) informal

Business

Which of the following is a cost-effective mode for shipping large amounts of bulk products — coal, sand, minerals, and forest products — over long distances?

A) air carriers B) water carriers C) pipelines D) trucks E) railroads

Business

A continuous random variable is uniformly distributed between a and b. The probability density function between a and b is

A. zero. B. (a - b). C. (b - a). D. 1/(b - a).

Business