Which of the following statements is true of organizational culture?
A. According to research, more than 50 percent of firms change culture successfully.
B. Changes in culture are too frequent to have any impact on strategic implementation.
C. It is always better to focus on output control and performance than on organizational culture.
D. It is better for founder CEOs to create a relevant culture, structure, and strategy in the early stages.
Answer: D
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Which of the following would never appear in at least one of the formal reports of a merchandising business?
a. Net Loss; b. Income Summary; c. Cost of Goods Sold; d. Purchases; e. Capital
Which of the following is true about the evaluation of competitors' prices?
A. This is done in stage three of the price-setting process. B. This is done in stage four of the price-setting process. C. This is done in stage five of the price-setting process. D. This is done in stage six of the price-setting process. E. This is done in stage two of the price-setting process.
Franky believes that there should be no trade restrictions for any reason. What effect would Franky say that trade restrictions have on prices?
A. He would argue that by encouraging competition with trade restrictions, prices are likely to decrease. B. He would argue that restrictions would cause greater competition and therefore lead to higher prices. C. He would say that trade restrictions have no impact on prices, but they do restrict consumers' choices. D. He would say that restrictions reduce competition and therefore cause an increase in prices. E. He would argue that trade restrictions increase prices because they break up domestic monopolies.
In a social media research study on Twitter use, the researcher explained to the participants about the study's potential benefits to governmental policies and then asked if they wished to take part in it. What type of policy was the researcher acting under?
a. Informed consent. b. Nonresponse bias. c. Opinion mining. d. Spam. e. Verbatims.