Which of the Following Is a Disadvantage of the Virtual

question 110

Multiple Choice

Which of the following is a disadvantage of the virtual network approach?

• A) Lack of hands-on control
• B) Greater demand on managers
• C) Weaker employee loyalty
• D) High level of conflict
• E) Weak and ambiguous boundaries

Evaluate the influence of personal values from family, religion, and school on business decision-making.

Describe the societal and legislative reactions to unethical business actions.

Understand the historical development of business ethics.

Understand the key principles and differences of added value negotiating (AVN) compared to traditional negotiating strategies.

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or sales activity, such as raw materials and direct labor costs.

Fixed Costs

Fixed overheads that stay the same no matter how much is produced or sold, including rental fees or staff salaries.

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the amount by which sales can drop before a business incurs a loss.

Break-even Point

The level of sales at which total revenues equal total costs, and the business makes no profit but also incurs no loss.