Answer the following statement(s) true (T) or false (F)
1. Elton Mayo was the founder of scientific management.
2. Scientific management attempts to break work down into its smallest elements and then rearrange those elements in the most efficient manner.
3. The Hawthorne studies were designed to determine the effect of lighting on worker productivity.
4. The Hawthorne studies were conducted by Elton Mayo and Frederick Taylor.
5. Extrinsic rewards are related directly to performing the job.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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Jazz is a costume jewelry manufacturing company based in the United States. The company decides to sell its products abroad, but it faces the major problem of price escalation. What is price escalation? How can Jazz overcome this problem?
What will be an ideal response?
The decisions rendered by the U.S. Supreme court have no option for further appeals
Indicate whether the statement is true or false
When a novation is present:
a. it can be executed without one party agreeing to it. b. both the delegator and the delegatee are not liable to the obligee for proper performance of the original contractual duty. c. the third party is not directly bound on his promise to the obligee, though the delegator is discharged. d. it creates a new contract by releasing the former obligor from liability under the original contract.
With a ________, the exporter retains title and control of the goods until the importer has paid for the goods
A) sight draft B) time draft C) documentary collection D) clean bill of lading