Which of the following is not true about horizontal corporations?
A. they often draw teams from different departments to solve a problem or deliver a product.
B. they have a strong corporate-wide business philosophy.
C. they are characterized by lateral decision processes.
D. they rely extensively on the use of vertical networks.
E. they have been characterized as "anti-organizations."
Answer: D
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Which of the following is a mechanism that contributes to a measurement-managed company's success?
A. Using mostly "soft" objectives that are not quantifiable. B. Measuring activities of all types. C. Developing the measurement systems without interference from employees. D. Trusting in informal feedback systems. E. Developing alignment between individual, unit, and strategic performance.
Which of the following is NOT a component of a vulnerability chart?
a. listing assets that are missing b. concealment possibilities c. internal controls that had to be compromised d. identification of the suspected perpetrator
A purpose of standard costing is to
a. replace budgets and budgeting. b. simplify costing procedures. c. eliminate the need for actual costing for external reporting purposes. d. eliminate the need to account for year-end underapplied or overapplied manufacturing overhead.
A practical approach which is frequently used by managers when setting normal long-run prices is the:
A) cost-plus approach B) economic theory approach C) price graph approach D) market price approach