At a busy intersection in Atlanta, there are four competing gas stations. Each of the stations charges about the same for each gallon of gasoline. The pricing objectives of these firms is
A) survival.
B) market-share goals.
C) status-quo pricing.
D) profit maximization.
E) competitive.
Question 2 - The number of subordinates reporting directly to one manager is called
A) the chain of command.
B) a decentralized organization.
C) a centralized organization.
D) the span of control.
E) the management hierarchy.
Question 3 - Name the two selection strategies companies use in making the hiring decision.
Question 4 - Excellent Air Incorporated (EAI)
Excellent Air Inc is a well-known establishment in the airline business. It is currently one of the top firms in the industry. The company prides itself on good customer service and being concerned with the broader societal good. EAI management is not only concerned with doing things right, but also with doing the right things. Many of their decisions reflect this philosophy. Initially, the company had a problem with employees reporting their suspicions about unethical behavior to the press instead of to EAI management. As a result, the company made sure its employees knew the firm's guidelines on fixing ethical issues. EAI also developed a code of conduct based on standards that continue to be upheld within the company. Since the code of conduct has been put in place, there have been fewer ethical violations.
Although employee salaries at EAI are not as high as those at competing firms, the company experiences very low employee turnover. The firm has created a corporate culture that not only makes its employees want to stay, but that also results in higher profits. If EAI can maintain the relationship it has built with its employees and customers, it will have little difficulty keeping up its remarkable success.
Refer to Excellent Air Incorporated. EAI's creation of its code of conduct demonstrated its application of moral standards to business situations, which is also known as
A) moral responsibility.
B) social consciousness.
C) social responsibility.
D) moral consciousness.
E) business ethics.
Question 5 - If Nabisco had established a pricing objective of selling one out of every three crackers consumed in the world, it would have established an objective based on
A) cash flow.
B) market share.
C) survival.
D) return on investment.
E) dollar sales volume.
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