How do companies organize new product development?
What will be an ideal response?
Companies handle the organizational aspect of new-product development in several ways. Many assign responsibility to product managers. Some employ new-product managers who report to category managers. A few companies have growth leaders, a full-time job for its most creative and successful managers. Some companies have a high-level management committee charged with reviewing and approving proposals. Large companies often establish a new-product department headed by a manager with substantial authority and access to top management whose responsibilities include generating and screening new ideas, working with the R&D department, and carrying out field testing and commercialization.
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In 1995, Jack executed a valid will in which he left his entire estate to the Heart Fund. In 2000, Jack was declared incompetent and committed to an institution. At his death in 2005, his son, Brian, who was his sole survivor, contested the will claiming that Jack was obviously incompetent. Will Brian prevail with this argument? Explain
A partner has ____ authority to hire and fire employees whose services are necessary to carry on the business of the partnership
A) no B) limited C) apparent D) actual implied
To satisfy the Statute of Frauds under UCC Article 2 there must be:
a. some basis for believing that the parties made a contract of the sale of goods b. a legal document signed by both parties to the contract and witnessed by a judge c. a verbal agreement d. a notarized document detailing all details of the sale and contract e. a full description of all goods involved in the sale
The legal rule of imputed knowledge means that the principal is assumed to know what the agent knows.
Answer the following statement true (T) or false (F)