Research and Development (R&D), which involves continuous development that takes existing products and enhances them to reinvigorate the product life cycle, is called ________.
Fill in the blank(s) with the appropriate word(s).
Answer: market pull
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________ skills are relatively important for first-level managers. Hence, most supervisors start out working in a department they now supervise.
A. Decision-making B. Technical C. Conceptual D. Human relations
Which of the following is not a characteristic of a process costing system?
a. A specific time period is used. b. Several Work in Process Inventory accounts are used. c. Product costs are grouped by processes, departments, or work cells. d. Customized products are manufactured.
Answer the following statements true (T) or false (F)
1. The budgeted multi-step income statements of both manufacturing and merchandising companies include the calculation of gross profit. 2. Use of advanced technology makes it more cost effective for managers to conduct sensitivity analysis. 3. Sensitivity analysis is a what-if technique. 4. Budgeting software is often designed as a component of the company's Enterprise Resource Planning (ERP) system.
A review of the research on affect concluded that this research nearly universally suggests that
a. negative mood states improve performance b. neutral mood states improve performance c. positive mood states improve performance d. no conclusion can be drawn—more research still needs to be done