QUESTION 31 An organization in which high-level executives make most decisions a

Question

QUESTION 31

An organization in which high-level executives make most decisions and pass them down to lower levels for implementation is a __________ organization.

Centralized.

Matrix.

Functional.

Decentralized.

1 points   

QUESTION 32

A current liability is a debt that can reasonably be expected to be paid

Within one year, or the operating cycle, whichever is longer.

Between 6 months and 18 months.

Out of currently recognized revenues.

Out of cash currently on hand.

1 points   

QUESTION 33

The payment of a liability

Decreases assets and stockholders' equity

Increases assets and decreases liabilities

Decreases assets and increases liabilities

Decreases assets and liabilities

1 points   

QUESTION 34

You should always put what you are testing in the              hypothesis.

Null.

Alternative.

1 points   

QUESTION 35

Why should ethics be a concern to business?

Society as a whole benefits from ethical behavior.

People feel better when they behave ethically.

Unethical behavior can be very costly.

All the above are correct.

1 points   

QUESTION 36

James is a local citizen. The local newspaper ran a story that falsely claimed that James was taking bribes from an illegal gambling operation. James has sued the newspaper. What is his best theory for recovery?

Assault and battery.

Assault, but not battery.

Trespass.

Defamation.

1 points   

QUESTION 37

In which of the following types of markets would you, in general, expect to find the lowest prices charged and greatest amount of innovation?

Perfectly competitive markets.

Monopoly markets.

Oligopoly markets.

Government-regulated markets.

1 points   

QUESTION 38

Regional Kmart stores are selling a specific shirt for $9.99 rather than $10.00. This method was selected because store managers believe customers react better to these types of prices. This type of pricing may be categorized as:

Price leveling.

Price discrimination.

Odd-even pricing.

Prestige pricing.

Bait pricing.

1 points   

QUESTION 39

Gross domestic product is a measure of

The total value of goods produced by domestic business firms for export.

The total value of goods imported into a country each year.

The total value of all final products produced by domestic business firms each year.

The combined debt of a country's public and private sectors.

1 points   

QUESTION 40

Generally, consumer products require __________ adaptation than/as industrial products to meet the demands of the world market.

Greater

Less

The same amount of

About the same

1 points   

QUESTION 41

The recommendation that a leader should analyze a situation before deciding what to do comes from which approach to leadership?

Behavioral.

Transformational.

Universal.

Situational.

A.

Centralized.

B.

Matrix.

C.

Functional.

D.

Decentralized.

Explanation / Answer

Question 31

The correct answr is option A.

In centralized structure, the important decisions are made by higher management. The advantages of centralized system are:-

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