With market control, the activities of an organization are regulated through the use of
A) rules, regulations, and formal authority.
B) budgets, statistical reports, and performance appraisals.
C) shared values, expectations, and goals.
D) pricing mechanisms and economic information.
E) real-time monitoring and fine tuning.
D) pricing mechanisms and economic information.
Market control involves the use of pricing mechanisms and economic information to regulate activities in organizations as though they were economic transactions.
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When a new plant can be built that is a duplicate of others already functioning
A. costs will be the same as in existing locations. B. labor trainers experienced in the operation of the machinery can be sent to the new locations without undergoing any training. C. manufacturing specifications from the technical department still require alterations. D. vendors will be requested to furnish equipment that they have supplied previously.
Answer the following statements true (T) or false (F)
1. In most unions, the first person contacted when a grievance arises in the workplace is the union steward. 2. In the U.S., local union leadership is usually appointed by the regional or national president. 3. National unions usually have final authority over local union actions such as negotiating, organizing, and striking. 4. Though national unions are available to provide research assistance, the majority of union organizing, training, lobbying, and supervision of collective bargaining is done by the local unions. 5. A union constitution is a document that spells out election procedures, by-laws, and other procedures for each national union.
What is the name of an individual hired by the parties to decide disputed pretrial mattersin civil actions?
a. Arbitrator b. Special master c. Mediator d. Private judge
What is the relationship between type I and type II errors and the width of the upper and lower control limits on SPC charts?
Propose a mechanism for determining SPC chart limit widths based upon the financial consequences of type I and type II errors.