The Five-By-Eight Inch Card with One Rule on It-"Use Good

question 68

Multiple Choice

The five-by-eight inch card with one rule on it-"Use good judgment in all situations"-that employees at Nordstrom receive as the employee handbook tells the employees a great deal about their company's

• A)organizational location.
• B)business environment.
• C)organization culture.
• D)environmental scanning.
• E)macroenvironment.

---

Definitions:

Cotton Price

The market value at which cotton is traded.

Marginal Product

The additional output that results from using one more unit of a particular input, keeping other inputs constant.

Skilled Labor

Workers who have specialized training, expertise, or qualifications, making them capable of performing complex tasks.

Value Marginal Product

The additional revenue generated by employing one more unit of a factor of production, such as labor or capital.