What division structure is based on major steps of a production plan?
A) product
B) process
C) customer
D) profit center
E) knowledge center
Answer: B
Explanation: Many organizations use a structure based on product divisions–grouping around each of the company's products or family of products. In contrast, process divisions are based on the major steps of a production process.
Business
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Which statement is true with regard to endorsements?
I. If there is a conflict between the endorsement and the underlying contract, the endorsement usually takes precedence. II. An endorsement can be used to add coverage for additional perils. (a) I only (b) II only (c) both I and II (d) neither I nor II
Business
Explain how the theories of trade differ in terms of their support to governmental intervention.
What will be an ideal response?
Business