Who is most responsible for establishing an ethical climate?
a. top-level executives
b. middle-level executives
c. lower-level executives
d. informal leaders
a. top-level executives
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Suppose, the cost of production of a widget in Mexico is 5 pesos. Assume that initially the exchange rate between the peso and the dollar is 2 pesos per dollar. Later, the exchange rate changes to 2.5 pesos per dollar. In the initial situation, a widget sold in the U.S. would be priced at ____; after the change in the exchange rate, the widget would be priced at ____.
A. $2.50; $2.00 B. $2.50; $3.12 C. $0.50; $0.40 D. $0.40; $0.50
Which of the following cultural layers reflects the ecological, economic, and sociopolitical factors that determine the development of institutions within a culture?
A) collective reality B) individual reality C) sociopsychological processes D) psychological structures
Operational control decisions
a. set the goals and objectives for the firm b. involve motivating managers to use resources as productively as possible. c. are more focused than tactical decisions d. have a fairly high degree of uncertainty
Define planning. List and briefly discuss the two types of planning managers perform.
What will be an ideal response?