This Book argues:. A National culture is the predominant force all management decisions. B National culture is always irrelevant to management decision making. C National culture is one of several factors that may influence management decision making. D National culture only influences management decision making in the poorer economies. Decisions taken by management are influenced by:. B A combinaiton of factors in the internal and external environments. C Internal factors e. D Factors in the external business environment.
Ideally, the manager:. B Understands the social constraints on each employee, but this is never possible. C Applies cultural analysis as a support or substitute for personality analysis. D Applies personality analysis as a substitute for cultural analysis. On the basis of cultural analysis, the manager can assume:. A A degree of uniformity in values held by the employees who belong to the same national culture group. B A degree of uniformity in values held by employees who do not belong to the same national culture group.
C Uniform behavior in the past, but not in the future. D Consensus in how employees view the world. Hofstede defines culture in terms of a system:.
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C Consisting of values and technology. D That members find it easy to articulate. A culture distinguishes:. A Members of one nation from another. B Members of one human group from another. C Members of one ethnic group from another. D Members of one generation from another. A A range of sources including parents, teachers, other adults. Because cultural values are acquired so early in life:. A They are shallow rooted and change quickly. C They are "engrained" and slow to change. D They are held at a conscious level in the brain.
Cultural Vlaues are:. A Easily articulated by members of the group.
B Easily articulated when members are not busy. C Normative, about how other people ought to behave. D Can be observed in how they behave. The national culture of the workforce:. A Is important only when they perform routine tasks.Sign in. Don't have an account? We weren't able to detect the audio language on your flashcards. Please select the correct language below. Add to folder [? Find out how you can intelligently organize your Flashcards.
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Questions and Answers. Remove Excerpt. Removing question excerpt is a premium feature. Just as its founder had planned, Mountain City Coffee opened its 1,th store in This is an example of. According to demographers, who collect and study population statistics, Earth's population is.
Which function in the management process is commonly referred to as the primary management function? According to research, the typical manager's day is best described as. Changing his major three times, Scott earned his college degree after retaking four classes and spending twice as much as his family had budgeted. In terms of the definition of management, Scott was. Which of the following are closely associated with total quality management TQM?
What percent of managers at all levels are ineffective because of imbalanced managerial skills, according to Clark L. Wilson's research? What, in chronological order, are the four distinct stages that have evolved since World War II and that place an emphasis on quality?
Economics and management are closely related because of their common focus on. What is the process of working with and through others to achieve organizational objectives in a changing environment called?Regulatory agencies operate in the task environment, interest groups operate in the general environment.
Regulatory agencies are created by the government, interest groups are organized by their members. Regulatory agencies have little power to influence organizations, interest groups have a great amount of power to influence organizations.
Forgot your password? Speak now. Please take the quiz to rate it. All questions 5 questions 6 questions 7 questions 8 questions 9 questions 10 questions 11 questions 12 questions 13 questions 14 questions 15 questions 16 questions 17 questions 18 questions 19 questions 20 questions 21 questions 22 questions 23 questions 24 questions 25 questions 26 questions 27 questions 28 questions 29 questions 30 questions 31 questions 32 questions 33 questions.
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Environmental influences on the organization can occur through which of the following. The economic dimension of the general environment affects both business and nonbusiness organizations. Strategic partners are two or more companies that compete against each other for the same scarce resource.
Organizations with simple and stable environments fase the least uncertainty. One strategic response an organization may adopt is maintaining the status quo. Francine works at a restaurant that is known for its extra-large portions of deep-fried foods. Sales in the past have been good bu recently dropped dramatically as consumers indicated a preference for healthier meals.
Which dimension of the general environment has changed. Which of the following best explains the difference between regulatory agencies and interest groups? Regulatory agencies control competition, interest groups promote competition. As chief executive officer, Diane ensures that her managers conduct smooth and efficient operations and maintain the satisfaction and morale of employees.Tuesday, December 14, Chapter 3.
Now we need to determine the inputs for the equation from the data that were given. Refer to the solution setup for Problem and think about it this way: 1 Adding assets will not affect common equity if the assets are financed with debt.
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Statements b, c, and d are false, because the BEP ratio uses EBIT, which is calculated before the effects of taxes or interest charges are felt. Of course, Statement e is also false. The current ratio will be set such that 2. This is the level of current assets that will produce a current ratio of 2.
Therefore, ROE will increase by Doubling the dollar amounts would not affect the answer; it would still be 5. We could have started with lower inventory and higher accounts receivable, then had you calculate the DSO, then move to a lower DSO that would require a reduction in receivables, and then determine the effects on ROE and EPS under different conditions. Similarly, we could have focused on fixed assets and the FA turnover ratio. In any of these cases, we could have had you use the funds generated to retire debt, which would have lowered interest charges and consequently increased net income and EPS.
If we had to increase assets, then we would have had to finance this increase by adding either debt or equity, which would have lowered ROE and EPS, other things held constant. Finally, note that we could have asked some conceptual questions about the problem, either as a part of the problem or without any reference to the problem.
The new number of shares outstanding will beStep 2: Calculate net income. Dollar amounts in thousands. The total assets turnover ratio is well below the industry average so sales should be increased, assets decreased, or both.
However, the company seems to be in an average liquidity position and financial leverage is similar to others in the industry. If represents a period of supernormal growth for the firm, ratios based on this year will be distorted and a comparison between them and industry averages will have little meaning. Firm Industry Comment Profit margin 3.
Analysis of the Du Pont equation and the set of ratios shows that the turnover ratio of sales to assets is quite low. Either sales should be increased at the present level of assets, or the current level of assets should be decreased to be more in line with current sales.
The comparison of inventory turnover ratios shows that other firms in the industry seem to be getting along with about half as much inventory per unit of sales as the firm.Sign in.
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