Use the information in Scenario 2.3. What is the normal time for the entire job?
A) greater than or equal to 10.0 minutes
B) less than 10.0 minutes but greater than or equal to 8.5 minutes
C) less than 8.5 minutes but greater than or equal to 7.0 minutes
D) less than 7.0 minutes
C
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A joint venture is an example of a ______.
A. transactional relationship B. strategic alliance C. collaborative relationship D. collective relationship
Answer the following statements true (T) or false (F)
1. The main reason that strike activity has declined since 1980 is because labor's bargaining power had declined. 2. The frequency with which a union goes out on strike is a good measure of the bargaining strength of that union. 3. Bargaining power and the threat of a strike should affect the extent to which bargaining outcomes favor labor or management but not the occurrence or frequency of strikes. 4. According to standard economic thought, strikes are irrational because it is rare for a union to "win" in a strike. 5. According to economists, a key reason that strikes occur is that the parties to a dispute do not have perfect information.
In the context of legal forms of business, identify an accurate statement about a general partnership.
A. A single partner operates as the firm's manager and is directly responsible for any debts owed by the firm. B. Established partners can bring in new equity partners by surrendering a portion of their ownership position. C. The partner with the largest equity stake makes decisions about the firm's operations. D. Owners report their shares of losses or profits independent of their interest in the firm.
A service is the capability of services to be joined together on demand to create composite services, or disassembled just as easily into their functional component.
Answer the following statement true (T) or false (F)