Which one of the following does NOT characterize managerialism?
a. Managing with the assumption that managers’ interests should never override those of customers and employees
b. Normative integration, shared values, a single source of authority, legitimacy and decision-making embedded in the managerial hierarchy, serving the interests of the owners of that organization
c. What managers practice when they have a profound grasp of management theory and its principles and apply them consistently to all elements of their everyday organizational life
d. A belief in the scientific application of management theory for best practice
a. Managing with the assumption that managers’ interests should never override those of customers and employees
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Describe the information age and the differences between data, information, business intelligence, and knowledge.
What will be an ideal response?
Tu-thumbs buys a used paint sprayer from the local paint store. The sprayer had a large sign on it which said "AS IS." The dealer made no promises or statements concerning the performance of the paint sprayer. When Tu-thumbs attempts to spray paint his house, the trigger on the sprayer sticks in the "on" position and before Tu-thumbs can pull the electrical cord to cut the power, paint is sprayed
all over his prize Borzoi dog that is scheduled to be shown in a dog show the next day. Tu-thumbs sues the dealership. Who wins? a. Dealer wins; there were no express warranties and all implied warranties have been successfully disclaimed. b. Tu-thumbs wins; he can recover on the basis of express warranties. c. Tu-thumbs wins; he can recover on the basis of the implied warranty of merchantability because the word "merchantability" was not used in the disclaimer. d. Dealer wins; even though there were implied warranties, the damage to the dog could not have been foreseen.
If a viable firm is not growing but is expected to continue over time, then we would expect changes in net working capital to be equal to:
A) a percentage of total sale. B) EBIT. C) depreciation. D) $0
The Universalist Principle states that before making a decision, you need to determine whether the decision would be fair ______________________________
Fill in the blank(s) with correct word