At the federal level, a[n] _______ functions within an established cabinet department.
a. Independent agency.
b. State agency.
c. Executive agency.
d. Legislative agency.
Ans: c. Executive agency.
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Which of the following is true of penetration pricing?
A) Penetration pricing is a variation of a premium pricing strategy. B) Penetration pricing is a mass-market strategy rather than a niche strategy. C) Penetration pricing is best used when there are no competitors in the market and entry is difficult. D) Penetration pricing is used in a market where product differentiation is high. E) Penetration pricing is most effective when potential customers are quality-sensitive rather than price-sensitive.
Which one of the following kinds of incentive plans is being used within organizations using teams?
(a) piece rate (b) profit sharing (c) gainsharing (d) stock option