When members of a work team try to evade individual responsibility, they are engaged in social loafing
Indicate whether the statement is true or false
True
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During interviews for a sales position at Greggor Corp., the interviewer asks each candidate to imagine a situation where a customer e-mails to report that products were damaged during delivery from Greggor Corp. The interviewer then asks each candidate what he or she would do to handle this situation. This is an example of a(n) ________ interview.
A. exit B. computerized C. in-basket D. situational E. behavior description
One of the four dimensions used to describe differences among the cultures is the power ________ dimension, which is the extent to which the less powerful members of organizations and institutions (like family) accept and expect that power is distributed unequally.
Fill in the blank(s) with the appropriate word(s).
Which of the following inventory cost flow assumptions produces the same ending inventory values under both the periodic and perpetual systems?
A) FIFO B) LIFO C) weighted average D) dollar-value LIFO
Sally and Tom decide to go into business, selling discounted merchandise through their Web site "e-Buy." They sign a partnership agreement that requires Sally to contribute $12,000 and Tom to contribute $8,000 in capital to start the firm. The agreement also states that only Sally will have the authority to bind the partnership in deals with third parties, but the agreement says nothing about the management of the firm or a division of profits. Without Sally's knowledge, Tom tells United Computer Products, Inc., that he represents the firm and signs a contract with United to buy hard drives for resale on e-Buy. In the first year, e-Buy makes a profit of $50,000. What are the partners' rights with respect to the management of the firm? Is the partnership bound to the contract with United?
Do the partners split the first year's profits? If so, how much is each entitled to? What will be an ideal response?