Management as a practice,
a. began during the Industrial Revolution.
b. probably has an almost unlimited history.
c. dates back to World War II.
d. dates back to the Civil War.
Ans: b. probably has an almost unlimited history.
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Assume the Thread Division has excess capacity. The Garment Division wants the Thread Division to furnish them additional spools of thread that could be made using the excess capacity. In a negotiated transfer price, the Thread Division should accept as a minimum any transfer price that exceeds the
a) total cost of producing spools for outside sales. b) variable costs of producing the additional spools for the Garment Division. c) contribution margin and outside spool sales. d) foregone contribution margin on outside spool sales.
The authors argue that financial inefficiency caused by influential insiders may prove to be an increasingly troublesome barrier to international finance
Indicate whether the statement is true or false.