What is the goal for utilitarianism?
A. maximize profits
B. maximize the good effects or outcomes of decisions
C. pursue what is best for one’s self
D. define personal goals and virtues
B. maximize the good effects or outcomes of decisions
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A global firm is a firm that operates in more than one country and captures R&D, production, logistical, marketing, and financial advantages not available to purely domestic competitors
Indicate whether the statement is true or false
Mason has a special project due at the end of the month. He is worried about completing the project on time because he has been placed into a team of people that he has never met before. They have all worked in the company for many years, but they are also all from different departments. Mason’s team is a
a. Cross-functional team b. Self-managing team c. Problem-solving team d. Virtual team
A major watch manufacturer, Time Out Inc., told retail stores that sold Time Out products that they had to sell the watches at set specific prices or else Time Out would refuse to supply them with watches. As a result Time Out
A) is guilty of tied selling B) is guilty of exclusive dealing C) is guilty of predatory pricing D) is guilty of price maintenance E) is guilty of nothing as it has the right to maintain the price and reputation of its products
For the purposes of production planning, product groups should be established on the basis of:
A) the availability of materials. B) similarity of manufacturing process. C) market segments. D) the availability of machinery. E) all of the above