Effective leaders have been shown to possess a high level of expertise about their industries, companies, and relevant technical matters. This trait is referred to as
A. referent power.
B. legitimate authority.
C. expert leadership.
D. knowledge of the business.
E. multiple intelligence.
Answer: D
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________ for a product or service results from the demand for another product or service
A) Cause-and-effect demand B) Derived demand C) Fixed demand D) Fluctuating demand E) Elastic demand
The major problem with the sales–productivity ratio method of assigning space is that _____
a. storability may not be considered b. too much space may be assigned for merchandise space c. too little space may be assigned for merchandise space d. an inadequate selection of merchandise may be stocked
Provide a brief review of developments in operations management in recent years. Find at least one example of how one of these developments has impacted a company and its customers.
What will be an ideal response?
The traditional formula for determining damages for a violation of the Robinson-Patman Act was to
a. calculate the estimated amount of lost profits. b. determine the difference between the two prices and multiply the difference by the number of units purchased. c. allow a jury to determine the amount of punitive damages without using any particular formula. d. add both prices together and divide by the number of units purchased.