Bill Jr. works on the line at Cloverleaf Automotive just like his father-popularly known among the old-timers as Bill Sr.-before him. But recently Bill Jr., along with all his coworkers, received something that would have been unheard-of in Bill Sr.'s day: a packet outlining the company's financial goals, income statements, and other information about Cloverleaf Automotive's past performance and future prospects. This sharing of material that was once meant exclusively for management's eyes only is an example of
A. open-book management.
B. management by objectives.
C. horizontal communication.
D. decentralized management.
E. the boundaryless organization.
Answer: A
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Purchases on account are given below:OctoberNovemberDecember30,00040,00050,00055% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.How much will the cash payments for purchases be in November?
A. $35,500 B. $40,000 C. $36,000 D. $34,500
Which of the following would be classified as a part of internal secondary data?
A) online information database B) internal database C) demographic data within a company's target market D) any government data E) Google
Documents uncovered after the Exxon Valdez oil spill in Alaska revealed that Exxon could have used
double-hulled oil tankers that would have prevented the spill, but the cost of refitting their fleet of single-hulled tankers was considered too high . Exxon determined that the cost of cleaning up an oil spill would be less than the cost of refitting the ships, thus increasing shareholder value. Several years after the oil spill, however, Exxon was fined billions of dollars for the spill. How do the costs of the cleanup and the fines pertain to a discussion of maximizing shareholder value and ethical responsibility?
The idea that the achievement of quality control is an end in itself describes a main concept of
A) BPM. B) BPR. C) six sigma. D) TQM. E) systems analysis and design.