Which of the following statements is true about regional management centers?
A) The scale of regional management must exceed the scale of operations in the region.
B) These centers reduce the number of management levels within an organization.
C) The center can coordinate within a region on pricing and sourcing.
D) Executives in regional centers do not have any role in the planning and control of each country's operations.
C
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Suboptimization occurs when a group optimizes its own goals but loses sight of the larger organization goals
Indicate whether the statement is true or false
All of the following illustrate lessons learned regarding the 2008-2009 financial crisis except
A) housing conditions have a strong impact on the economy. B) economic conditions affect the demand for homes. C) sellers were able to attract potential buyers by slightly reducing sale prices. D) allowing unqualified mortgage applicants to qualify for mortgages hurt the housing market.