Astrid, a customer service representative with NorthTel Wireless Services, was asked by one of her customers if NorthTel would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Astrid believes this is a very good idea and approached her manager, DeShawn, about becoming a chamber member. DeShawn said to Astrid, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." NorthTel is an example of an organization with
A. decentralized authority.
B. unity of command.
C. work specialization.
D. centralized authority.
E. line managers.
D. centralized authority.
With centralized authority, important decisions are made by higher-level managers.
You might also like to view...
During the month of July, Clanton Industries issued a check in the amount of $845 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should:
A. Deduct the check amount from the book balance of cash. B. Add the check amount to the book balance of cash. C. Make a journal entry in the company records for an error. D. Add the check amount to the bank balance. E. Deduct the check amount from the bank balance.
Which of the following statements is FALSE concerning sentence and paragraph length in business writing?
a. A two-word sentence is acceptable, as is a 60-word sentence, as long as the message is clear. b. While compound sentences should be used along with simple sentences, complex sentences should be avoided in business writing. c. The first and last paragraphs are typically shorter than other paragraphs. d. Paragraphs in business letters, memos, and e-mail messages are typically shorter than paragraphs in business reports.
Which of the following statements is (are) true with respect to the time value of money? I. Money received today is worth more than the same amount of money received in the future. II. The present value of a future amount is greater than the future amount
A) I only B) II only C) both I and II D) neither I nor II
A commercial bank recognizes that its net income suffers whenever interest rates increase. Which of the following strategies would protect the bank against rising interest rates?
A. Buying inverse floaters. B. Entering into an interest rate swap where the bank receives a fixed payment stream, and in return agrees to make payments that float with market interest rates. C. Purchase principal only (PO) strips that decline in value whenever interest rates rise. D. Enter into a short hedge where the bank agrees to sell interest rate futures. E. Sell some of the bank's floating-rate loans and use the proceeds to make fixed-rate loans.