New-product development usually fits into the old routines of a firm, so it is not necessary for top management to support new-product development in any special way.
Answer the following statement true (T) or false (F)
False
New products tend to upset old routines; so someone with top-level support and the authority to get things done needs to be responsible for new-product development.
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In larger, older organizations:
A. decisions are delegated to empowered, decentralized subsidiary managers. B. more decisions are delegated to the subsidiary headquarters. C. decisions regarding local adaptation are made at headquarters. D. more decisions are made at headquarters of parent company.
Chestnut, Inc. reported the following balances on its balance sheet at December 31, Year 1: Total Assets $460,000 Total Liabilities $ 170,000 Common Stock160,000 Retained Earnings130,000 Total Equity 290,000 Total Liabilities and Equity $460,000 On January 1, Year 2, Chestnut purchased equipment for $40,000 on account. What is the company's debt-to-assets ratio immediately after the purchase of the equipment?
A. 0.46 B. 0.42 C. 0.34 D. 0.37
If the purpose of a licensing statute is to raise money, an agreement with an unlicensed person is
a. void. b. valid. c. unenforceable. d. voidable.
Specific details regarding terms, credit arrangements, and technical assistance are worked out during the product specification stage of the buying decision process.
Answer the following statement true (T) or false (F)