When the management frame of reference gets out of touch with the realities of the actual business situation, what can happen to the firm?

A. It becomes easier to maintain competitive advantage.
B. Management perceptual acuity improves.
C. Management gets across-the-board raises.
D. The company business strategy no longer works.


Answer: D

Business

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Describe sexual harassment as defined by the Equal Employment Opportunity Commission (EEOC).

What will be an ideal response?

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Vlad, as agent, is paid $5,000 owed by a debtor of Lee, Vlad's principal. Instead of giving it immediately to Lee, Vlad invests it in the stock market. Luckily, the market price of that particular stock rises to $10,000 before Lee learns of the wrongdoing. Under these circumstances, ________.

A. Vlad cannot be sued as the money was put to good use B. Vlad is not guilty of wrongdoing because he managed to make a profit C. Lee is entitled to all of the stock D. Lee is entitled only to $5,000

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Lincoln Company engaged in this transaction: Accrued employee wages earned but not yet paid at year-end. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows

A) Financing activities section. B) Investing activities section. C) Does not represent a cash flow. D) Operating activities section.

Business

The only way to ensure that public relations advice for management is headed in the right direction is to base that advice on hard data whenever possible

Indicate whether the statement is true or false

Business