To be world class, an organization should
A. strive for a controlled improvement.
B. continue to use the methods, systems, and cultures of the past.
C. operate at the highest standards of any place anywhere.
D. solely focus on beating the competition.
E. be driven by business-as-usual goals.
Answer: C
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The balance of the $0.50 par value Common Stock account for Murdock Company was $60,000 before its recent 3-for-1 stock split. The market price of the stock was $30 per share before the stock split. What occurred as a result of the stock split?
a. The balance in the Retained Earnings account decreased. b. The balance in the Common Stock account declined to $20,000. c. The market price of the stock was not affected. d. The market price of the stock dropped to approximately $10 per share.
In the communication model, the ______ transmits the message.
A. encoder B. sender C. receiver D. decoder
To improve communication and to compete more effectively, many of today's companies have ________
A) eliminated the grapevine B) restructured and reengineered themselves into smaller operating units and work teams C) discouraged free-flowing communication D) increased the number of levels in the communication chain
The production manager is responsible for ________
A) all product costs B) decisions to acquire new equipment C) his or her own salary D) efficiently and effectively producing quality products