According to theorists James O’Toole and Warren Bennis, what long-held metric for manager success needs to be updated?
a. providing quality goods or services for the market
b. ensuring strict discipline
c. creating wealth for shareholders
d. preventing company collapse
c. creating wealth for shareholders
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Which of the following statements is true?
A) The average profiles for profitable high-share and profitable low-share businesses are almost identical. B) A low-share business with above-average customer value is more profitable than a high-share business with below-average customer value. C) A low-share niche business's prices are slightly above the average relative price index of 100. D) Profitable low-share niche businesses tend to have a wide product breadth. E) Profitable low-share niche businesses tend to spend more on advertising relative to the competition.
An activity-based costing system should be evaluated with regard to the benefits it can provide an organization versus the costs of implementing it
Indicate whether the statement is true or false
Directives moving downward from superiors to subordinates usually follow the indirect strategy
Indicate whether the statement is true or false
A principal is bound by contracts that an agent enters into with authority. Discuss the various types of contractual authority an agent may have