Managers often form and maintain ________ to make sure important issues continue to be addressed.
A. top management teams
B. self-managed work teams
C. standing committees
D. command groups
E. virtual groups
Answer: C
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A profit is a right to go onto land owned by another and take away some part of the land itself or some product of the land.
Answer the following statement true (T) or false (F)
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What will be an ideal response?
The management of Opray Corporation is considering the purchase of a machine that would cost $360,000, would last for 7 years, and would have no salvage value. The machine would reduce labor and other costs by $78,000 per year. The company requires a minimum pretax return of 11% on all investment projects. (Ignore income taxes.)Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The present value of the annual cost savings of $78,000 is closest to:
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