Ed has worked for his company for a year, yet the company is starting to lay off people. Ed recently started making an effort to run into his bosses at lunch, on the elevator, at the gym, etc. He goes out of his way to tell his bosses how great they are and how important they are to the company. Ed is illustrating which OB management concept?
a. Cognitive dissonance
b. Ethic reciprocity
c. Commitment
d. Politics
d. Politics
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The purpose of a flexible budget is to:
a. Compare actual and budgeted results at virtually any level of production. b. Eliminate cyclical fluctuations in production reports by ignoring variable costs. c. Allow management some latitude in meeting goals. d. Reduce the total time in preparing the annual budget.
Fletcher Company is trying to decide whether to trade in equipment used in its manufacturing process for a newer model. The new equipment will save money because it will be more efficient to use. Indicate if the following items are relevant or irrelevant to this decision.
Explain why imports do not completely measure a market's potential, including examples.
What will be an ideal response?
Holding too much inventory ____________ the risk of a stockout.
a. Increases b. Decreases c. Neither increases nor decreases d. Impossible to tell the effect of too little inventory on risk of a stockout