______ is the influence a leader gains over others when they desire to identify and be associated with him or her.
A. Referent power
B. Legitimate power
C. Expert power
D. Reward power
A. Referent power
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The problem with setting a uniform global price for a product is that ________
A) it allows intermediaries in low-price countries to reship their products to high-price countries B) the company would earn the same profits everywhere, regardless of the cost structure C) this strategy can price the product out of the market in countries where costs are high D) this strategy makes the price too high in poor countries and not high enough in rich countries E) it is ineffective for products that are homogeneous
Centralized companies split their operations into segments and top management delegates decision making to the segment managers
Indicate whether the statement is true or false
Hafsa and Nicholai form a limited liability company to conduct a particular business activity for profit. Which of the following is not true?
A) The articles of organization must be filed in a designated state office. B) No particular form of organization is required. C) The company name must include the words "limited liability company" or "limited company" or the abbreviation "LLC" or "LC." D) The contribution of a member may be a promissory note.
Gordin Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:Data used in budgeting: Fixed element per monthVariable element per tenant-dayRevenue - $27.60 Wages and salaries$2,000 $5.20Food and supplies 800 10.20Facility expenses 8,500 3.70Administrative expenses 6,000 0.10Total expenses$17,300 $19.20?Actual results for May:? Revenue$86,322Wages and salaries$17,984Food and supplies$32,444Facility expenses$19,554Administrative expenses$6,162?The spending
variance for food and supplies in May would be closest to: A. $1,044 U B. $840 U C. $840 F D. $1,044 F