Which concept below is defined as a flow of authority and power from the highest to the lowest levels of the organization?
a. Work specialization
b. Chain of command
c. Span of control
d. Departmentalization
b. Chain of command
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Intelligence:
a. is wisdom and only wisdom. b. is the ability to think, solve problems, and learn. c. means thinking about old things in a new way. d. is the effort you apply to getting things done.
Financial leverage has to do with
A) the usage of fixed cost financial securities to finance a portion of a firm's assets. B) a high gross profit margin. C) the incurrence of fixed operating costs in the firm's income stream. D) using common stock to finance a portion of a firm's assets.
Contributing $2,000 into a tax-deferred retirement plan in a 28% tax bracket will save
A) $70. B) $140. C) $280. D) $560. E) It depends on the exemptions and deductions claimed.
Increasingly, managers will be required to address the competing interests of
a. a narrow group of stakeholders. b. a wide range of stakeholders. c. a shrinking group of stakeholders. d. governmental stakeholders and regulators.