If a firm's managers want to maximize stock price, it is in their best interests to operate efficient, low-cost plants, develop new and safe products that consumers want, and maintain good relationships with customers, suppliers, creditors, and the communities in which they operate.?
Answer the following statement true (T) or false (F)
True
Stock price maximization requires efficient, low-cost plants that produce high-quality goods and services that are sold at the lowest possible prices. Second, stock price maximization requires the development of products that consumers want and need. Finally, stock price maximization necessitates efficient and courteous service, adequate stocks of merchandise, and well located business establishments. See 1-3: What Goal(s) Should Businesses Pursue?
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Strategy decisions do not lead to a specific price-setting rule; rather, they give general guidelines for whether a price should be low or high
Indicate whether the statement is true or false
The Practice (Scenario)Kelly Rae works for an ophthalmologist's office where she has been employed as a technician for approximately one year. Kelly has been promoted to the position of clinic coordinator where she is responsible for ensuring operational efficiency and effectiveness by managing and training other technicians, overseeing the doctor's schedules, and coordinating activities between the scheduling desk, the technicians, the insurance office, and the optical shop. Upon her promotion she was given a mandate by the doctors to "clean house" in an effort to make fundamental changes to enhance productivity.The two doctors at the practice have very different work habits. Each has his own team of technicians who are used to the doctors' preferences and are comfortable with their
routines; they basically do the same thing every day. When Kelly suggested that they train all of the technicians to work with both doctors, this led to significant resistance from all of the parties involved. The technicians were concerned that they would no longer be able to perform their usual daily tasks. Their resistance came from their ________. A. belief that ambiguity would increase B. fear that they would be forced out of their habits C. concern over personal loss D. belief that Kelly's changes would harm the organization
Gina has a high need for existence, as that need is described by ERG theory. Which of the following actions by her boss is most likely to motivate Gina?
a. invite Gina to the annual company picnic, even though she just started the job b. praise Gina for the fantastic job she did handling a customer complaint c. allow Gina to join the company’s medical insurance plan d. assign Gina to a challenging assignment with lots of autonomy
Which of the following is NOT a type of team-building program?
a. Role clarification b. Goal-setting c. Team therapy d. Cohesion building