Management by objectives (MBO) and goal cascading will not work without an effective
A. technology component.
B. contingency plan.
C. bonus-based compensation plan.
D. goal-setting process.
E. layer of middle management.
D. goal-setting process.
Management by objectives and goal cascading will not work without an effective goal-setting process.
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While choosing countries to invest in, companies sometimes choose psychic proximity to their own country. Psychic proximity can best be defined as ________
A) countries in which the company feels comfortable with the language, laws, and culture B) countries that are located close C) countries that the home country's management team have visited D) countries that have no trade barriers E) countries with good infrastructure and stable political environment
Indicate whether each of the following statements is true or false.Short-term plans are more specific and detailed than long-term plans.Short-term planning focuses on the operations of a business for the next two to three years.A decision to lease equipment would be part of a company's capital budgeting process.The master budget focuses on long-term objectives and goals.The master budget normally covers a period of one quarter.
What will be an ideal response?
Process costing is used in companies that
a. engage in road and bridge construction. b. produce sailboats made to customer specifications. c. produce bricks for sale to the public. d. construct houses according to customer plans.
A retailer with a less-than-average profit margin could seek to increase its profit margin by _____
a. reducing its operating expenses b. increasing its asset turnover c. increasing its financial leverage d. increasing its inventory turnover