What is the difference between delegation and outsourcing?
What will be an ideal response?
The most successful entrepreneurs in high-growth ventures are those who learn to get and leverage other people's money (OPM), for entrepreneurs in part-time businesses the key is leveraging other people's time (OPT). There are two major ways to do this-delegation and outsourcing. Delegation happens when one assigns work to those over whom one has power, usually people one employs, those volunteering to help out, or family members. Contracting with people or companies outside one's business to do work for the business is known as outsourcing.
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Making global supply chains lean ______.
A. is difficult because it requires coordination to establish the rapid flow of goods and information B. is easy because annual deliveries required for JIT inventory management are easy to achieve C. is inexpensive because there is no need for safety stock C. reduces the need for quality control
Of the four basic types of leaders, which one is closely linked to Superleadership?
a. Transactional leadership b. Empowering leadership c. Directive leadership d. Visionary leadership
Words such as because, since, assuming that, for, as, and similar expressions suggest that the speaker is stating a(n) ____________________.
Fill in the blank(s) with the appropriate word(s).
A company originally issued 14,000 shares of $5 par value common stock at $12 per share The board of directors declares an 14% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A) Stock Dividends is debited for $24,500. B) Common Stock-$5 Par Value is credited for $47,040. C) Common Stock is credited for $49,000. D) Stock Dividends is debited for $49,000.