In systems buying, the U.S. government often solicits bids from prime contractors. What do prime contractors do?
What will be an ideal response?
The government solicits bids from prime contractors who assemble the package or system. The contractor who was awarded the contract would be responsible for bidding out and assembling the system's subcomponents from second-tier contractors. Thus, the prime contractor provides a turnkey solution.
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Adam claimed that N & A, its accounting firm, negligently prepared an audit. To hold the accounting firm liable, which of the following elements must be established?
a. Scienter or guilty knowledge b. A fiduciary relationship c. Failure to exercise due care d. An executed engagement letter
In the context of consumer product categories, shopping products have less selective distribution than convenience products.
Answer the following statement true (T) or false (F)
In ________ arbitration, the arbitrator is not constrained to choose either the management or union's offer(s); rather she can make up whatever final contract terms she deems appropriate and fair.
A. Whole package final offer B. Issue-by-issue final offer C. Mediation D. Conventional
High-cohesion teams perform poorer than low-cohesion teams when:
A. the team faces external competition. B. the team has more than fifteen members. C. the team leader has less knowledge and skills than the team members. D. team norms undermine the organization's performance. E. teams have tight deadlines.