It is said that managers deal with status quo, while leaders change status quo. Explain what this means.
What will be an ideal response?
Managers largely accept things as they are. They look for the most effective ways to implement procedures or policies. However, leaders do not accept the status quo. They look to change it for the purpose of continuous improvement.
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Some wine importers insist on shipping their wines in refrigerated containers to protect the wines from being damaged by high temperatures. Such importers are creating which kind of utility?
A) place utility B) time utility C) form utility D) information utility E) worker utility
Define hourly wage, piecework rate, and salary.
What will be an ideal response?
It is most accurate to say that popular culture consists of the ________ that the mass market consumes
A) myths B) social services C) consumer goods D) forms of entertainment E) value propositions
Which needs theory suggests that people are motivated by three categories of needs arranged in the form of a hierarchy?
a. Maslow’s hierarchy of needs b. Alderfer’s ERG Theory c. Herzberg’s two-factor theory d. McClelland’s acquired needs theory