Peter Drucker was a respected management guru. Explain the influence that his contributions have had on the practice of management.
What will be an ideal response?
Peter Drucker was a respected management guru who, through his writings and consulting, made several lasting contributions to the practice of management. He was the first person to discuss "management by objective" (MBO), by which a manager should be self-driven to accomplish key goals that link to organizational success (as opposed to being controlled by a supervisor).
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When a manufacturer sells goods to retail outlets and suggests a retail price, there is no violation of Section 1 of the Sherman Act because there is no:
A. merger of any type. B. indication of an intent to monopolize. C. exclusive dealing contract. D. contract, combination, or conspiracy to fix the price.
What general trend in human development is likely to increase the rate of global warming or the effects of global warming in the future?
a. the industrialization of undeveloped nations b. the maturing of developed nations c. the movement of peoples away from coastal areas d. the leveling off of population growth
When reconciling from book income to taxable income on Schedule M-1, which of the following statements is correct?
A. A charitable contribution above the 10% tax limitation is a positive adjustment. B. A charitable contribution carryforward realized in the current year is a positive adjustment. C. Federal income tax expense on the books is a positive adjustment. D. The difference between accelerated depreciation on the books and straight-line depreciation on the tax return in the later years of asset life is a negative adjustment.
The procedure used to compute the present value of a series of cash flows is known as:
A. indexing. B. the present-cost approach. C. the annuity method. D. discounting. E. compounding.