When a company localizes its important decisions at head office and is largely driven by the needs of consumers in its home market it is described as pursuing a (n) __________________ strategy.
( a ) Regiocentric
( b ) Ethnocentric
( c ) Polycentric
( d ) Geocentric
( b ) Ethnocentric
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________ is the inventory loss due to employee theft, shoplifting, mistakes, inaccurate records, and vendor errors.
A. Break-even point B. Shrinkage C. Obsolescence D. Profit margin E. Loss margin
Which of the following conditions makes issue identification the first step in the ethical decision-making process?
A. When the stakeholders in the decision cannot be determined B. When the responsibility for the decision lies with one person C. When the issue is presented from the start D. When the ethical predicament of the situation is hard to determine
According to the 10 characteristics of servant leadership, stewardship is ______.
A. clear and persistent communication that convinces others to change B. attempting to see the world from another’s point of view C. referring to the leader’s ability to see the future D. taking responsibility for the leadership role
Which of the following is the first step in the purchasing and payment process?
A) The purchaser receives an invoice for the goods shipped by the supplier. B) The purchaser sends a check to the supplier. C) The purchaser sends a purchase order to the supplier. D) The purchase receives the inventory and prepares a receiving report.