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NEW QUESTION: 1
Most of the mechanisms for setting prices in buy-sell agreements generally fall into one or a combination of following categories EXCEPT:
A. Independent outside appraisal
B. Some type of formula based on the financial statements such as book value, some combination of such variables
C. Ambiguity as to the applicable valuation date
D. Negotiation among the parties
Answer: C
NEW QUESTION: 2
Focusing on customers, promoting innovation, learning new philosophies, driving out fear, and providing extensive training are all elements of a major change in organizations. These elements are aimed primarily at:
A. Being efficient and effective at the same time, in order to indirectly affect profits.
B. Copying leading organizations to better compete with them.
C. Focusing on the total quality of products and services.
D. Managing costs of products and services better, in order to become the low-cost provider.
Answer: C
Explanation:
TOM is a comprehensive approach to quality. It treats the pursuit of quality as a basic organizational function that is as important as production or marketing. TOM is the continuous pursuit of quality in every aspect of organizational activities through a philosophy of doing it right the first time, employee training and empowerment, promotion of teamwork, improvement of processes, and attention to satisfaction of customers, both internal and external. TOM emphasizes the supplier's relationship with the customer, identifies customer needs, and recognizes that everyone in a process is at some time a customer or supplier of someone else, either inside or outside of the organization.
NEW QUESTION: 3
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A,B