Formal authority ______.
a. arises from the patterns of relationships and communication that evolve as employees interact and communicate
b. is always more effective than informal authority
c. is the unsanctioned way of getting things accomplished
d. is based on the specified relationships among employees
d. is based on the specified relationships among employees
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The unit of analysis can be a single country or region; however, for all market-entry decisions ________ data are not required
A) specific city B) statewide C) provincial D) district wise E) country wide
For Retained Earnings, the category of account and its normal balance is ________
A) equity and a credit balance B) assets and a debit balance C) equity and a debit balance D) assets and a credit balance
Louisiana Specialty Foods can produce its famous meat pies at a rate of 1650 cases of 48 pies each per day. The firm distributes the pies to regional stores and restaurants at a steady rate of 250 cases per day
The cost of setup, cleanup, idle time in transition from other products to pies, etc., is $320. Annual holding costs are $11.50 per case. Assume 250 days per year. (a) Determine the optimum production run (batch size). (b) Determine the number of production runs per year. (c) Determine maximum inventory. (d) Determine total inventory-related (setup and carrying) costs per year (rounded to the nearest dollar).
According to the classical view of social responsibility, management's only social responsibility is to maximize profits.
Answer the following statement true (T) or false (F)