What is it called when officers of competing companies serve on each others’ boards of directors?

a. Cross-locking directorates
b. Interlocking directorates
c. Intralocking directorates
d. Diagonal directorates


Answer: B Interlocking directories

Business

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On the work sheet, both the debit and the credit inventory amounts on the income summary line are extended to the Balance Sheet columns

Indicate whether the statement is true or false

Business

A precedent is any legal authority or source of law that a court may look to for guidance but need not follow when making its decision.

Answer the following statement true (T) or false (F)

Business

If an employee is uncertain that her efforts will pay off, then path–goal theory suggests ______.

A. the employee should move to the company’s out-group B. the leader should prove that the employee’s effort will be rewarded C. additional obstacles should be introduced to challenge the employee D. the employee is on the wrong path

Business

The market situation in which only a few large firms compete in offering very similar marketing mixes to customers is called

A. capitalistic competition. B. oligopoly. C. monopoly. D. monopolistic competition. E. pure competition.

Business