According to the objective theory of contracts, the intent to enter into a contract is judged by the ________.
A. doctrine of equity
B. legality of the contract
C. reasonable person standard
D. common law of contracts
Answer: C
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The gross profit percentage is one of the most carefully watched measures of ________.
A) profitability B) liquidity C) solvency D) marketability
Companies often form ________ ventures to merge their complementary strengths in developing a global marketing opportunity
A) licensing B) direct investment C) joint ownership D) management contracting E) contract manufacturing
The headquarters of Oceanic Corp. is in the United States but it has subsidiaries in 10 countries. Its staffing strategy is to use managers from the United States to staff each subsidiary. This staffing strategy is considered ______.
A. polycentric B. ethnocentric C. geocentric D. regiocentric
A key manager process establishes an appreciative work environment.
a. True b. False