Organizational culture includes issues such as tendency to share or not to share information among units and people, willingness to team-play, and the proclivity of employees to experiment with new ideas and technologies.
Answer the following statement true (T) or false (F)
True
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Which of the following statements reflects the marketing concept?
A) Focus on making continuous product improvements. B) Undertake a large-scale selling and promotion effort. C) Emphasize an inside-out perspective. D) Consider customer focus and value as the paths to sales and profits. E) Focus on a product-centered make-and-sell philosophy.
Firms sometimes invest in the common stock of other entities in order to exert significant influence or control over the other entity. U.S. GAAP and IFRS assume that firms owning more than ______ can exert control, unless other information indicates the contrary
a. 20% b. 30% c. 40% d. 50% e. 60%
Setting up a lockbox arrangement is one way for a firm to speed up the collection of payments from its customers.
Answer the following statement true (T) or false (F)
The overriding theme in strategic union-management partnerships is that
A. they focus on cooperative relationships, working together, and joint decision making. B. they benefit the unions more than the members they represent. C. the unions become a weaker part of the decision-making process because their members, employees of the companies, are given more empowerment in the process. D. they are concerned more about arguing over contractual rights than working toward mutual gain. E. unions and management argue on a broad array of issues, such as performance expectations and organizational structure, and they most often disagree because they have different sets of goals in mind.