A(n) ______ is a binding promise to keep an offer open for a specified period of time
a. terminal contract
b. limited contract c. express contract d. explicit contract
e. none of the other choices are correct
e
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The following are Acme's production costs for the quarter ended September 30th: Direct materials$150,000 Direct labor$175,000 Factory overhead$225,000 What amount of costs should be traced to specific products in the process?
A. $325,000 B. $150,000 C. $225,000 D. $175,000
In the field of personal selling, customers represent an important source of product information
Indicate whether the statement is true or false
The most common way to collect job information is to ask the people who are doing a job to fill out a questionnaire.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. As early as the 1940's, unionists argued that because workers perform their job tasks over and over they often have good ideas for improving productivity, increasing quality, and lowering costs. They predicted that management's failure to capitalize on this would ultimately restrict flexibility and have a negative impact on efficiency. 2. Like the U.S., other industrialized countries such as Germany and Japan have recently begun to recognize the importance of worker involvement in business decision-making. 3. Quality circles, gainsharing programs, and other types of joint labor-management committees focus largely on changing the way work has been organized under scientific management principles. 4. Lean production emphasizes just-in-time deliveries, smooth flow of materials, teamwork and continuous process improvement. 5. Whether high performance work practices result in improvements in company profitability is in part a function of how extensively they are incorporated into the organization: the greater their use, the greater the profits.