When Lakefront Marine Company groups its business units around the different lines of boats such as the Shark, Bass, and Catfish, which of the following structures is it creating?
A. product
B. geographic
C. functional
D. client-based
E. simple
Answer: A
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Woods Company made an ordinary repair to a delivery truck at a cost of $500. Woods' accountant debited the asset account, Equipment. Was this treatment an error, and if so, what will be the effect on Woods' financial statements?
A. Yes, in the years following, net income will be overstated. B. No, the repair was accounted for correctly. C. Yes, the error understated net income. D. Yes, the error overstated assets and net income.
Which of the following is NOT a strategy for receiving constructive feedback??
A) ?Resist your first reaction. B) ?Demonstrate good listening skills. C) ?Take the feedback with a grain of salt, since it only reflects the opinion of the manager. D) ?Know that your reaction has consequences.
Online retailer NetShop had been drastically losing market share to its competitors. The management hired a reputed consulting firm to advise the company. The experts from the consulting firm pointed out that the company primarily lost out on its competitive advantage due to its poor customer service, including slow response times to customer inquiries and unclear return policies. These ineffective policies and procedures led to many disgruntled customers and a steady migration to more customer-friendly retailers. NetShop can best solve its problem by working on its
A. support activities. B. resource flows. C. resource stocks. D. immobile assets.
The strength of Gardner’s 11 characteristics is ______.
A. it is all inclusive B. it is grounded in theory from cognitive psychology C. it is easily applied D. none of these