With the ________ model of organizational design, decision making, control, and goal setting are decentralized and shared at all levels of the organization.
A. bureaucratic
B. mechanistic
C. geographic
D. organic
Answer: D
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Data mining is the name for software that is now available to help managers make sense out of seemingly senseless masses of information contained in databases
Indicate whether the statement is true or false
On January 1, Standard Manufacturing had a beginning balance in Work-in-Process Inventory of $82,000 and a beginning balance in Finished Goods Inventory of $21,000. During the year, Standard incurred manufacturing costs of $354,000.
During the year, the following transactions occurred: Job A-12 was completed for a total cost of $120,000 and was sold for $126,000. Job A-13 was completed for a total cost of $203,000 and was sold for $210,000. Job A-15 was completed for a total cost $60,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $12,000 and was adjusted to zero at year-end. What was the amount of gross profit reported by Standard at the end of the year? A) $7000 B) $25,000 C) $6000 D) $13,000
Which of the following identifies how the wheel-of-retailing hypothesis and the retail life cycle are alike?
A) They both have specific stages through which all retailers progress. B) They both are based on the structure of the product life cycle. C) They both suggest that the majority of retailers enter the market through low-end strategies. D) They both depict how changes in technology and culture affect retailers. E) They both indicate that most retailers shift strategies over time.
Answer the following statement(s) true (T) or false (F)
1. Globalization has led to an increase in the number of markets available. 2. The recession that began in 2008 challenged global companies to cut costs while maintaining and expanding customer markets. 3. Operations management concepts are modern concepts and did not exist prior to the 20th century. 4. Operations managers typically take an “inward-facing” view of their organizations. 5. Operations management professionals are typically well compensated.