IBM's principal reason for existing is to earn a profit for its shareholders. The means by which IBM does this is through the manufacture of computers. These two statements describe, respectively, IBM's

A. strategy.
B. mission.
C. policy.
D. tactical plan.
E. control process.


Answer: B

Business

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During very busy times in a consumer electronics store, the leader will often help customers on the selling floor. This is an example of ______.

a. contextual leadership b. leading by example c. leading by wandering around d. formal leadership

Business

Which popular needs theory is defined as a pyramid of five levels of individual needs with physiological needs at the bottom and self-actualization needs at the top?

A. Maslow’s hierarchy of needs B. Alderfer’s ERG theory C. Herzberg’s two-factor theory D. McClelland’s acquired needs theory

Business

Expenditures on advertising and research must be recognized as expense in the period of expenditure, regardless of the firm's expectation of future benefits

Indicate whether the statement is true or false

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When proofreading a document, you need not check

A) closely for typographical errors. B) that the pages are in the correct order. C) that pages are free of wrinkles and smudges. D) whether you inadvertently deleted a line when moving text. E) for short, simple words.

Business