Lower-level managers typically confront ________.
A. unstructured problems
B. new and unusual problems
C. programmed decisions
D. nonprogrammed decisions
Answer: C
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Which of the following statements regarding resource utilization is not true?
A) Resource utilization decisions are usually short-term in nature. B) Resource utilization decisions require the identification of a constraint. C) Resource utilization decisions relates to an analysis of which fixed costs are unavoidable. D) Resource utilization decisions require managers to compute a product's contribution margin.
Answer the following statement(s) true (T) or false (F)
1. Wholesalers are normally the only marketing intermediaries that link the producer and the consumer. 2. Retailers specialize in selling products to consumers. 3. Eliminating marketing intermediaries eliminates the need for their services, such as storage and delivery. 4. Without intermediaries, products probably would cost more, not less. 5. An income tax preparation service would normally use Channel A, the direct marketing channel.
In the marketing of services, empowerment means allowing employees to make decisions about how service is provided to customers.
Answer the following statement true (T) or false (F)
A firm is evaluating a capital budgeting project that generates cash inflows equal to $50 per year for the next five years. If the project's traditional payback period (PB) is 3.6 years, what is its initial cost?
A. $200 B. $120 C. $180 D. $140 E. $150