Which of the following statements about work teams is most accurate??
A) ?Teams should avoid conflict to prevent tension among group members
B) ?To be most effective, teams should be comprised of individuals with similar backgrounds, ethnicity, age, skills, and experience.
C) ?Teams produce better decisions when they agree on their purpose and develop procedures to guide them.
D) ?Team members should focus on their individual needs and goals.
C
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A marketing program refers to
A. a plan that integrates the marketing mix to provide a good, service, or idea to prospective buyers. B. the specific ratio within a marketing budget that divides resources between advertising, promotions, and personal selling. C. the selection of product benefits and attributes that are added to or subtracted from a given product to create variations within a product line. D. the marketing manager's controllable factors - product, price, promotion, and place - that can be used to solve a marketing problem. E. the allocation of resources within a firm towards individual marketing mix elements.
______ is the fairness of how the decision making was handled or administered.
a. Interactional justice b. Distributive justice c. Procedural justice d. Informational justice
Which of the following is the aim of the product concept?
A) improve the marketing of a firm's best products B) market only those products with high customer appeal C) focus on the target market and make products that meet those customers' demands D) focus on making continuous product improvements E) ensure that product promotion has the highest priority
If net sales total $50,000, beginning accounts receivable was $10,000, and ending accounts receivable is 16,000, what is the receivables turnover?
A) 1.9 times B) 3.1 times C) 3.8 times D) 5 times