Explain the consequences of having too many rules or forcing too much standardization in an organization.
What will be an ideal response?
If the amount of red tape becomes too great, decision making slows and managers react sluggishly to changing conditions. Because rules constrain and standardize behavior and lead people to behave in predictable ways, people might become so used to automatically following rules that they stop thinking for themselves. Thus, too much standardization can reduce the level of learning taking place in an organization and get the organization off track if managers and workers focus on the wrong issues.
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Outline the steps in developing effective marketing communications
What will be an ideal response?
Identify the seven basic issues that make up an organization’s compensation strategy.
What will be an ideal response?
Matthew won the race for student council president partly due to a pledge that he would get the school to put in a swimming pool. It was a big thing to promise, but he knew that the school system had recently had a large influx of tax dollars and that the money is there; he just needs to win over the powers that be. First, he has to get his school principal on his side, and together they will go to the board of education. The principal, Ms. Wetherby, is new to the school system, and other than simply meeting her, he has had few interactions with her. In his meeting with Ms. Wetherby, the best approach for Matthew is to
A. present her with data showing that the pool is not only needed but also affordable and practical. B. let her know about all the coaches, teachers, and students he has on his side. C. explain that the student body is motivated and could make things difficult if they do not get their way. D. talk to her about how exciting it would be to be to have a pool. E. compliment her leadership and let her know that he sees her as capable and competent.
Commercial paper has a minimum denomination of ________
A) $10,000 B) $50,000 C) $100,000 D) $500,000