People value history because it can help put events that are taking place today into perspective
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Knowing how we got to where we are today helps managers make decisions about the future. For example, looking back and seeing how things have changed since the Industrial Revolution allows current managers to see that organizations and management evolve–and that continued evolution should be expected in the future.
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Which of the following acts will always result in the total release of a compensated surety?
A. The creditor changes the manner of the principal debtor's payment. B. The creditor extends the principal debtor's time to pay. C. The principal debtor's obligation is partially released. D. The principal debtor's performance is tendered.
A consortium led by the French Association of Value Analysis and the Association of German Engineers explored, developed and articulated the value management approach for the European Union. The consortium first urges firms to:
a. focus on business processes b. adopt a supply management orientation approach c. adopt a customer-value philosophy and set of action guidelines d. incorporate a procurement orientation into all aspects of buying