Why is mutual trust important in managing a supply chain?
What will be an ideal response?
Companies that trust each other will be honest with other, will stand by commitments, and will be concerned about the welfare of partners. If the partners are willing to share relevant ideas, they will enrich the relationship and find new opportunities to work to each other's mutual benefit. There is also less need to monitor and audit what the partners do.
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Are ethical individuals more (or less) likely to be better leaders? Use the theories you have learned in this book to support your arguments.
What will be an ideal response?
Fixed overhead was budgeted at $84,000 and 10,000 direct labor hours were budgeted. If the fixed overhead volume variance was $3,200 unfavorable and the fixed overhead spending variance was $1,200 favorable, fixed overhead applied must be
A) $85,200 B) $87,200 C) $82,800 D) $82,000 E) $80,800
Guidelines (rules-of-thumb) are general standards of comparison developed from:
A. Industry guidelines. B. Analysis of competitors. C. Dun and Bradstreet. D. Relations between financial items. E. Past experience.
Answer the following statement(s) true (T) or false (F)
1. Large, complex social problems where there is no clear solution I are described as wicked problems. 2. A refugee crisis is an example of a wicked problem. 3. Issues relating to the environment, poverty, sustainability, equality, education, child mortality, sanitation, terrorism, and health and wellness are all examples of wicked problems. 4. According to the typology of ventures, there are four types of models: traditional, social purpose, social consequence and enterprising nonprofits. 5. Ventures with social consequence and social purpose are the same type of venture.