A common characteristic of a centralized organization is
A. democratic decision making.
B. decision making by a few top-level managers.
C. a flat span of management.
D. placing decision making near the workplace.
E. authority placed at lower levels.
Answer: B
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Most U.S. unions are formed through:
A. Secret ballot elections. B. Voluntary agreements by management to recognize the union. C. Strikes. D. Court orders.
A crew of mechanics at the Highway Department Garage repair vehicles that break down at an average of ? = 8 vehicles per day (approximately Poisson in nature)
The mechanic crew can service an average of ? = 11 vehicles per day with a repair time distribution that approximates an exponential distribution. The crew cost is approximately $300 per day. The cost associated with lost productivity from the breakdown is estimated at $150 per vehicle per day (or any fraction thereof). What is the expected cost of this system?
Product-type determining dimensions
A. affect the customer's choice of a specific kind of product. B. affect the customer's purchase of a specific product brand. C. are relevant to including a customer type in the product-market. D. are generally relevant to purchasing behavior. E. are less specific than qualifying dimensions.
Mention the characteristics of successful owners of small businesses.
What will be an ideal response?