Which level of management sets general policies, formulates strategies, approves all significant decisions, and represents the company in dealings with other firms and with government bodies?
A) Operations managers
B) Production managers
C) Top managers
D) Middle managers
E) First-line managers
Answer: C
Explanation: C) Top managers, through these types of activities, are responsible for the overall performance and effectiveness of the firm.
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When the goods covered by a contract are unique and it is not possible for a buyer to obtain substitute goods, the buyer is entitled to ________ of the contract.
A. cover B. incidental damages C. specific performance D. liquidated damages
The Modified Internal rate of Return (MIRR) in cell B9 will be ___________ the Internal Rate of Return (IRR) in B8.
a) less than
b) equal to
c) greater than
d) Could be any of the above
e) None of the above
The ultimate goal of the "marketing concept" is:
A) product diversification B) customer satisfaction C) brand loyalty D) rising profit margins E) efficiency of production
Dissimilar cultural patterns generally necessitate changes in marketing of food and other consumer goods.
Answer the following statement true (T) or false (F)