1. Running a small company does not require a constant evaluation of risk-versus-reward scenarios. T or F
2. Understanding organization charts can be beneficial to supervisors because it helps them to:
A. closely monitor the task performance of employees.
B. figure out where opportunities for future promotions lie.
C. determine who needs training and what plans to implement.
D. assign tasks and responsibilities to new comers.
3. Departmentalization refers to:
A. categorizing employees based on their qualifications.
B. setting up divisions in an organization.
C. standardizing procedures for all departments.
D. creating a hierarchy of different levels in an organization.
4. Remote Company has developed a new universal remote that works with all cable, over the air and streaming channels. While the device is unique, it’s competitors will soon (6-12 months) be able to reverse engineer it and introduce their own version into the marketplace. Remote Company’s best pricing strategy would be:
A. Psychological pricing
B. Penetration pricing
C. Cannot be determined.
D. Skimming price