If a member of a limited liability company dies, the company must terminate
a. True
b. False
Indicate whether the statement is true or false
False
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Roza Munoz oversees the overall operations of Maxwell House, which is one of the divisions of the Kraft Heinz Company. Roza is also responsible for the overall performance of the business division. Which of the following is NOT likely to be one of Roza's responsibilities?
A. Turning corporate-level strategy into action B. Defining Kraft Heinz's mission statement C. Deciding how to compete in the coffee industry D. Supervising functional-level managers E. Developing a business-level strategy
With regard to RFID in inventory management, which of the following is NOT a benefit of RFID?
a. It helps to effectively manage inventory. b. It helps to identify the location of specific goods. c. It helps to track goods lost in transit. d. It expedites inventory management.
You have gotten quite a few complaints recently from unhappy clients, among them the following: One customer feels that the salesperson was not transparent about contractual issues; another client feels like he was taken advantage of because English is his second language; and a third client feels like he was pressured into a purchase without having sufficient time to try out the product. You want to emphasize to your sales team the importance of upholding the ethical business practices that are characteristic of your company. What can you do to encourage honesty and ethical behavior?
a. ?encourage salespeople to report ethics violations to you b. ?screen new applicants for the way in which they deal with ethical issues c. ?set the proper example of ethical business practices d. ?establish reasonable customer expectations e. ?arrange for an ethics and diversity training workshop
A critic claimed that a business that neither manufactures nor sells directly is doomed because it is forced to compete exclusively on price. Which of the following is the best criticism of this argument?
A) It ignores the fact that improvements in wholesaler efficiency are relatively easy to duplicate. B) It fails to demonstrate that traditional retailing businesses are also in jeopardy. C) It fails to recognize the possibility that wholesalers can add value to different partners in the supply chain. D) It does not specify how wholesalers can reduce costs most effectively. E) It does not account for the fact that wholesalers need to be large in order to take advantage of economies of scale.