The foreign exchange market refers to the organizational setting within which individuals and businesses, but NOT government and banks, buy and sell foreign currencies and other debt instruments.
a. True
b. False
b. False
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A principal's intent to ratify a contract:
A. may be inferred from the principal's failure to repudiate an unauthorized contract after becoming aware of it. B. may be inferred by a court from the fact that the agent accepted the benefits of an unauthorized contract. C. can only be inferred by the agent's actions. D. may not be implied by his acts or failure to act.
According to the texbook, for which reason is leadership important to organizations?
a. Better leadership is associated with the attraction and retention of better performers. b. Leaders tend to identify with, and become committed to, firms with more effective employees. c. Entrepreneurship tends to follow from better organizational leadership. d. Better leadership is more important than better management.
A multidivisional structure consists of a
A. decentralized structure with of a set of operating divisions organized along business, product, customer groups or geographic lines, and a central corporate headquarters that allocates resources, provides support functions, and monitors divisional activities. B. centralized structure combining corporate overhead with support functions. C. decentralized format of senior executives with large overhead staff to manage and control all the business lines. D. centralized structure that controls the coordination across the more diversified and complex functions within the organization. E. decentralized structure or divisional structure that monitors performance and allocates funding to those divisions wanting to grow.
Under the Fair Labor Standards Act:
A) A minimum wage is set, but is not required to be paid if the worker agrees to accept a lower amount. B) Employers are not required to pay overtime for a nonexempt employee who works 45 hours in the first week but only 25 hours in the second week of a two-week pay period. C) Workers are prevented from working in hazardous jobs. D) Limitations are placed on the hours that workers can work each week without being paid overtime.