A method that adjusts GDP to account for different prices in countries is called:
A. current currency exchange rate.
B. cumulative distribution function.
C. purchasing power parity.
D. nominal GDP.
Answer: C
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A business plan that provides information to potential licensees is referred to as a(n) ________ plan.
A. screening B. concept C. invention D. operational
Answer the following statements true (T) or false (F)
1. You can apply all the lessons you have learned about delivering planned speeches to the delivery of an impromptu speech. 2. You should begin practicing for your speech the night before so it is fresh in your mind. 3. Familiarity begets clarity and comfort in public speaking. 4. You should practice your speech with all of the visual, audio, or memory aids you plan on using during your speech.
In the budgeting process, business, team, and individual goals are established. Human behavior problems can arise in all of the following cases except ________
a. the budget goals of the business conflict with the objectives of employees (goal conflict) b. the budget goal is very easy to achieve (too loose) c. the budget goal is void of direction that includes responsibility centers d. the budget goal is unachievable (too tight)
SurTran Inc. is an 80-year-old transportation company headquartered in St. Louis. SurTran ships goods via truck and train throughout the United States. Its general operations manager, Raul Sosa, has grown up in the business and knows that Surtran is a highly complex business with 100 facilities and 2,000 staff in dozens of U.S. cities. But Raul knows that, at its core, SurTran is also a stable (nondynamic) business. As Raul is fond of saying, "As long as there are people in one place and their desired goods in another, there will always be a need for shipping! And that makes for a stable business." Nonetheless, Raul, like any other manager, deals with uncertainty on a daily basis, as do his four regional vice presidents located in Los Angeles, Houston, Chicago, and New York City. Due to
SurTran's high complexity and high stability, what management style should Raul adopt to be successful in allowing his vice presidents to operate "in the field"? A. "I will address each problem or opportunity as a unique situation, and I will make operational decisions, including those in the field, after consulting with you and others as appropriate." (centralized and organic approach, with mutual adjustment) B. "Our people will follow instructions as pre-defined by headquarters, and I will make operational decisions, including those in the field." (centralized and bureaucratic approach, with standardized work processes) C. "Address each problem or opportunity as a unique situation and make operational decisions in the field, through consultation with me or your managers as appropriate." (decentralized and organic approach, with mutual adjustment). D. "Hire good people with the right skills and train them to use our formal business work processes, and then make operational decisions in the field yourselves." (decentralized and bureaucratic approach, with standardized skills). E. "I will handle each problem or opportunity as a unique situation, and I will make operational decisions, including those in the field, based upon my personal supervision of those involved." (centralized and organic approach, with direct supervision)