Answer the following statement(s) true (T) or false (F)
1. Once an organizational chart is developed it shows a very specific view of the formal structure of the organization, and, as such, never has to be revised or updated.
2. Formal authority is the right to give orders and set policy.
3. Delegation is the process by which authority is pushed upward in an organization.
4. Staff authority is advisory in nature and makes recommendations but has no authority to take action.
5. All formal authority is line authority.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. FALSE
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In the context of the elements of VBA programming, a(n) _____ is a named element whose value doesn't change.
Fill in the blank(s) with the appropriate word(s).
An advantage of maintaining a large inventory is _____
a. customer satisfaction b. a high stock turnover rate c. fresh merchandise d. low insurance costs
Performance risk stems from the ______.
a. fluctuations in demand and inventory levels b. choice of company’s sourcing strategy c. ongoing quality and financial issues with the supplier d. supplier’s inability to meet delivery lead times
The value of a stock should decline if
A. the risk?free rate declines. B. the return on the market declines. C. the firm's beta rises. D. the earnings multiple rises.