How should a change agent approach dysfunctional norms?
a. Ignore them because the other aspects of change require more attention and focus
b. Understand that they can’t be changed without completely turning over the staff
c. Make them explicit and identify the resulting organizational dynamics
d. Mandate a change to keep the organization functional
c. Make them explicit and identify the resulting organizational dynamics
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Calculate the economic profit generated by a business with a capital cost of 5% for $680 million of capital invested and a net profit of $40 million
A) $18.5 million B) $10 million C) $6 million D) $35 million E) $22.5 million
What is the first step in the reflective problem-solving approach?
a. Select a solution. b. Establish criteria. c. Analyze the problem. d. Implement the solution. e. Define the problem.
Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $300 and has a unit contribution margin of $105; the Adult model sells for $850 and has a unit contribution margin of $450; and the Recreational model sells for $1,000 and has a unit contribution margin of $500. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,500,000, calculate the firm's selling price per composite unit.
A. $13,200. B. $7,575. C. $1,950. D. $15,150. E. $1,255.
The major difference between consumerism and social responsibility is that consumerism is _____
a. based on legal issues, whereas social responsibility is based on moral issues b. based on moral issues, whereas social responsibility is based on legal issues c. concerned with an obligation to all parties, whereas social responsibility reflects an obligation to final consumers d. concerned with an obligation only to consumers, whereas social responsibility reflects an obligation to all parties