Henry Ford found many practical applications of Frederick Taylor's scientific management principles
a. True b. False
a
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Which one of the following is not an advantage of using the FIFO cost flow assumption?
A) produces lowest net income in periods of rising prices B) provides a relevant ending inventory value C) is not as susceptible to profit manipulation by management D) does not produce unusual results when inventory liquidation occurs
Answer the following statements true (T) or false (F)
1. Some firms do not have a board of directors. 2. In an organization’s environment, internal stakeholders include the customers of an organization. 3. Rafael sits on the board of directors for Pierson Fabrication, Inc., but he is not among the executive leadership of the organization. In fact, he works for an American carmaker. Therefore Rafael is an external stakeholder for Pierson. 4. The two parts of the external environment are the task environment and the socio-political environment.
A strategy of ________ will be most beneficial for a firm to enhance its overall corporate performance.
A. unrelated level of diversification B. single-business level of diversification C. related-linked diversification D. dominant-business level of diversification
Economics is the study of how wealth is created and distributed.
Answer the following statement true (T) or false (F)