Which of the following is a drawback of the bureaucratic approach to management?
A. Production tasks are reduced to machine-like movements that lead to boredom.
B. This approach may not help managers deal with competitors and government regulations.
C. This approach does not accommodate rapid decision making and flexibility.
D. This approach emphasizes only money as a worker incentive.
E. This approach ensures that all employees perform their best with excessive rules and regulations.
Ans: C. This approach does not accommodate rapid decision making and flexibility.
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When Sony introduced the first consumer VCRs in the 1970s, the retail price exceeded $1,000. Within a few years, the price dropped well below $500. This is an example of:
A) skimming strategy. B) penetration strategy. C) cost-based strategy. D) price ceiling strategy. E) transfer pricing strategy.
Which of the following are sources of income for an open-end mutual fund?
I. dividend and interest income II. change in the discount or premium III. capital gains IV. change in NAV A) I and III only B) I, II and III only C) I, III and IV only D) II, III and IV only