In His Book,The World Is Flat,Thomas Friedman,all of the Following

question 138

Multiple Choice

In his book,The World Is Flat,Thomas Friedman,all of the following were outlined among the most important global forces that managers faced in the late 20th and early 21st centuries except:

• A) the start of the Internet
• B) the founding of Google,Yahoo,and MSN web search engines
• C) the fall of the Berlin Wall
• D) generational differences

Use referent power effectively in the workplace.

Evaluate the ethical considerations of influence tactics.

Identify the limitations of different types of power.

Understand the dynamic nature of power in organizations.

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Definitions:

Gross Profit Ratio

A financial metric that indicates the proportion of money left over from revenues after deducting the cost of goods sold.

Inventory Destroyed

Inventory destroyed refers to stock that has been lost, damaged beyond repair, or otherwise rendered unsellable, and must be written off as a loss.

Perpetual Inventory System

A continuous tracking method for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

LIFO

Last In, First Out, an inventory accounting method where the last items placed in inventory are the first ones to be used or sold.