In large diversified companies, market controls are often used to regulate independent business units.
Answer the following statement true (T) or false (F)
True
In large diversified companies, market controls often are used to regulate independent business units. Particularly in large conglomerate firms that act as holding companies, business units typically are treated as profit centers that compete with one another. Top executives may place very few bureaucratic controls on business unit managers but use profit and loss data for evaluating performance.
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Which of the following problems is most likely when a sales agency is used instead of company salespeople?
A) The company will find it difficult to control the sales process. B) They do not take title to goods or negotiate purchases or sales. C) The value-added per sale is the lowest for sales agencies. D) Agencies will pay less attention to customers who buy the most or in large volumes. E) Sales agencies are often difficult to access due to strict contractual obligations.
To posttest an ad for Maytag appliances, interviewers could ask consumers what appliance ads they have seen in the last month
Indicate whether the statement is true or false
Which of the following is false regarding the fiduciary duty that partners have to the partnership?
a. Partners are liable to the partnership for intentional misconduct only if the partnership agreement specifically provides as such. b. Partners are entitled to compete with the partnership unless the position of managing partner is held. c. If a partner secretly engages in a conflict of interest, he must turn over to the partnership any profits he earned from that activity. d. A partner may take an opportunity from the partnership so long as this is done prior to its consideration by the other partners.
Determine the median for the following survey data: 2, 4, 5, 5, 4, 4, 2, 2, 3, 3
a. 2.5 b. 3 c. 3.5 d. 4