Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service.
Answer the following statement true (T) or false (F)
True
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Which of the following is NOT a formal part of the accounting system?
a. balance sheet b. income statement c. statement of owner's equity d. the work sheet
Hospitality employees are different from manufacturing employees; in addition to task skills, they must have ______.
a. an understanding of basic culinary principles b. extensive experience c. a warm personality d. interpersonal and problem-solving skills
Hiro has been a supervisor for the past few years. In general, he believes he has a good relationship with his employees except the two new females who joined his team six months ago. One of the women seems overly aggressive and is always jumping into conversations telling her male coworkers what they should do to solve their problems. The other female seems to just want to climb the corporate ladder as quickly as she can. Hiro wonders why he doesn't connect with these new employees as well as with the others. Which cultural dimension might Hiro be operating from?
*a. high masculinity b. high femininity c. large power distance d. small power distance
When a company uses outsourcing to zero in on even better performance of those truly strategy-critical activities where its expertise is most needed, then it may also be able to
A. create a values-based corporate culture that excels in product innovation. B. decrease internal bureaucracies, flatten its organizational structure, and shorten the time it takes to respond to changing market conditions. C. better police compliance with ethical standards, lower overall operating costs, and create two or more distinctive competencies. D. devote more resources to its social responsibility strategy, better empower employees, and reduce employee turnover. E. reduce the potential for information overload and improve the quality of decision-making in each domain.