How is management both an art and a science?
What will be an ideal response?
Intuition, judgment, and experience are part of the successful mix of effective management. These factors are more "art" than science, and may exist in a manager without actual training in management. However, management also uses the scientific method; it observes and gathers facts, makes decisions based on the facts, makes predictions of future events, and tests the prediction under systematic conditions. These are parts of the "science" of management.
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________ is collected from website visits where companies data mine points of contact and interactions such as dates and times of visits, keywords used to find information, and time spent on selected pages
A) Observed data B) Declared data C) Secondary data D) Panel data
Robusto Coffee Traders Inc sells prepackaged coffees to a variety of businesses throughout the East Coast. Robusto purchases the coffee in bulk from a wholesale distributor and packages the coffee themselves to sell to customers. The company expects to sell 120,000 and 135,000 one-pound packages of coffee during 2012 and 2013, respectively. The company had 6,000 one-pound packages on hand at the
beginning of 2012, and the company has a policy of maintaining an ending inventory equal to 5 percent of the packages needed for next year's expected sales. How many packages of coffee should the company plan to purchase in 2012? A) 126,750 B) 120,750 C) 119,250 D) 255,000
Which of the following statements is true about where some countries are with regard to sustainable supply chains?
a. U.S. companies are ahead of companies in Europe. b. Firms in India and China have caught up with European countries. c. both A and B d. neither A nor B
The two main types of spatial ability are spatial orientation and
A. flexibility of closure. B. visualization. C. perceptual speed. D. originality. E. coordination.