A(n) ________ is a group of related managerial decisions and actions to help an organization achieve its goals.

A. objective
B. allocation
C. strategy
D. motto
E. accomplishment


Answer: C

Business

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The cost of going to an ATM is $1 in an economy. If the nominal interest rate in the economy is 5 percent, what is the total cost associated with holding cash for an individual who spends $10 daily and has a 15 percent probability of having his cash lost or stolen? Assume that he visits the ATM once in every T days.

A. (182.5/T) + (0.2 ×T) B. (182.5/T) + (0.2 ×T) C. (365/T) + (0.5 ×T) D. (365/T) + T

Business

In moving from the measurement model to the structural model the error terms are correlated

with each other. Indicate whether the statement is true or false

Business

The final step in the job analysis process is to:

A. revise job specifications B. downsize the organization C. verify the accuracy of the resulting job descriptions D. enlarge the job E. revise human resource plan

Business

A detailed plan for handling transportation and storage of a new product that is now being distributed to wholesalers nationwide is an aspect of which part of the "Four Ps"?

A. Price B. Promotion C. Product D. Place

Business