According to _____, bureaucratic positions discourage specialized skills because they foster subjective judgments by managers.
A. Adam Smith
B. Max Weber
C. Henri Fayol
D. Frederick Taylor
E. Abraham Maslow
Ans: B. Max Weber
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Consumers engage in limited search for items like midrange fashion apparel, home furnishings, and appliances. These are examples of ________ goods, which are candidates for selection distribution.
A. durable B. convenience C. shopping D. technology E. impulse
The ability to provide prompt service and to respond quickly to customer requests is called reliability.
Answer the following statement true (T) or false (F)
A winning strategy is one that
A. fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance. B. builds strategic fit, is socially responsible, and maximizes shareholder wealth. C. results in a company becoming the dominant industry leader. D. can pass the ethical standards test, the strategic intent test, and the profitability test. E. is highly profitable and boosts the company's market share.
What feature of registering a company allows you to set aside a portion of your stock for future employees?
a. reserve funds b. option pools c. stock reserves d. employee stock option plans