Underfoot Constructions is an organization with a distinct division of labor and a consistent set of rules. Managers conduct business in an impersonal way and do not socialize with subordinates outside of work. Which of the following terms best describes this firm?
a. Corporation
b. Bureaucracy
c. Conglomerate
d. Technocracy
Bureaucracy
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Selected data for Sorenta, Inc and New World Corp, two companies in the same industry, are presented below: Sorenta, Inc New World Corp Sales $50,000 $80,000 Cost of goods sold 30,000 50,000 Average inventory balance 5,000 5,000 Based on this data, which statement below is true?
a. New World Corp sells its inventory faster than Sorenta, Inc. b. Sorenta, Inc. has a lower gross profit ratio than New World Corp. c. Sorenta, Inc. has lower storage costs and a lower investment in inventory than New World Corp. d. New World Corp has a higher net income than Sorenta, Inc.
Economic growth remains concentrated at the high-income countries
Indicate whether the statement is true or false
Which two factors justify the high cost of in-home personal interviewing?
A) need for personal contact and in-home environment is important B) speed of interviewing and in-home environment is important C) in-home environment is important and there is a need to interview family members D) there is a need to view an ad E) none of the above; nothing justifies the extremely high cost of interviews conducted in the home
The receipt of dividends from an investee would be classified as ____________________ activities in the statement of cash flows
Fill in the blank(s) with correct word