Question:
what is a stakeholder?
Answer
- A stakeholder is simply any individual or group, that has an interest in a company, can be affected or affect the business. Examples include owners, government, unions, employees, directors, creditors etc.
Explanation:
In other definition, we can also describe a stakeholder as a very important party within the organisation, company or business. a stakeholder can help in generating capital for running the business or company and also in generating ideas for the company. a stakeholder can also help in leadership and deployment of workers. They impact the business either directly or indirectly and are also impacted by business operations.
Question:
Sally is a leader who assesses the situation and adapts her behavior and style to match her followers’ needs, maturity, training, and cohesion. She can best be described as:
A. task oriented.
B. relationship oriented.
C. focused on extroversion.
D. using the contingency approach.
E. using the path-goal theory.
Answer
- using the path-goal theory.
Explanation:
The path-goal theory is based on specifying a leader’s style or behavior which best fits the work environment and employee’s needs. The leader lets employees know what is expected of them and shows them how to perform the work. He also asks for employees suggestions and is more concerned with employees’ needs and preferences.
Question:
Michael E. Porter advises that a division with strong marketing abilities, product engineering, creative flair, strong capability in basic research, and a corporate reputation for quality or technological leadership should use a __________ strategy to enhance its prospects for success.
A. focus
B. differentiation
C. overall cost leadership
D. vertical growth
Answer
- differentiation
Explanation:
Michael Porter identified three fundamental strategies, and laid out the requirements and needs for each. The three strategies are cost leadership, differentiation and focus. To apply differentiation strategy, the requirements include a strong marketing ability, product engineering, strong capability in basic research, corporate reputation for quality or technological leadership and a strong cooperation from all channels.
Reference
https://www.nickols.us/strategy_competitive.htm
Question:
A person may not postdate a check for self-protection when some act is to be completed by the payee before the date of the check.
Answer
- FALSE
“A person may not postdate a check for self-protection when some act is to be completed by the payee before the date of the check” FALSE
Explanation:
A post-dated check is a check that is dated later than the date it is written. This is common when a person has insufficient funds in the bank at the time of writing the check. A person may postdate the check for purposes of self-protection if there is an act that needs to be completed by the payee before the date of the check.
Question:
Implied warranties of fitness for a particular purpose require reliance by the buyer on the sellers advice.
Is the question above true or false?
Answer
- TRUE
Explanation:
This happens when a buyers orders goods with a particular purpose in mind, but has insufficient knowledge to make the best decision on which product to purchase. He/she therefore relies on the advice of the seller on which product is best for such a purpose. It also requires that the seller knew the situation the buyer is in, and the fact that the buyer solely makes the decision to purchase the product based on sellers advice.
