A firm with a ________ ratio between value added and sales has brought ________ of the value-creating activities associated with its business inside its boundaries, consistent with a high level of vertical integration

A) low; many
B) high; many
C) medium; many
D) medium; few

B

Business

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Which of the following is NOT a characteristic of a management decision problem?

A) focuses on symptoms B) asks what the decision maker needs to do C) is action oriented D) focused on the underlying causes E) A and C

Business

The owner of Khan Chemicals sees employee John steal $10 from a company cash register. John has never been in trouble at work before. The employer

A) can fire John without payment because stealing is a fundamental breach of the employment relationship B) cannot fire him but must use progressive discipline C) can fire him and will be able to pay a lesser amount of common-law notice because of the stealing D) can fire him and will only have to pay compensation based on statutory notice because of the stealing E) both C and D

Business