MBA 540 MBA540 QUIZ 5 IN MOST MODELS OF MANAGERIAL CONFLICT, THE OWNER IS THE

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Question 4 1 / 1 point An informal understanding about the quality of product components is a key to the relationship between most companies and their suppliers. This is a good example of: an explicit contract. an implicit contract. a principal/agent conflict resolution. an adverse selection problem. Question 5 1 / 1 point Joan Petty, a human resource manager, offers Billy Self $2,750 per month as an inventory manager. She is willing to offer $750 more per month, but Billy does not have that information and walks away from the job offer. This is an example of a: market in transition. bargaining success. bargaining failure. market at work. Question 6 1 / 1 point Often people in business work in teams, each using specialized knowledge to get the tasks done. If one member of the team does not work, this is called: the reward system. free riding. performance evaluation. adverse selection. Question 7 1 / 1 point One of problems with making all the decisions at the top of a business organization is costliness of: advanced technology. specific information. market power. general information. Question 8 1 / 1 point Organizational architecture varies from firm to firm. The three big external (exogenous) determinants of a firm's administrative structure are: decision rights, rewards, and technology.
government regulation, technology, and decision rights. government regulation, technology, and markets. decision rights, rewards, evaluation systems. Question 9 1 / 1 point J.C. Penney found that its headquarters staff did not understand regional fashion trends. Consequently, the company invested in TV communications technology that allowed New York buyers to communicate with local store managers. This communication was set to effectively use: local general knowledge. local specific knowledge. corporate headquarters knowledge base transfer to local stores. risk taking by local stores. Question 10 1 / 1 point W. Edward Deming - the quality control expert - has hinted that incentive pay is actually counter-productive. Economic analysis would indicate enhancing corporate culture and incentive rewards plans are: the sources of all inefficiencies in modern business. convex functions of the technology principle. complements for each other. substitutes for each other.
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MBA 540 MBA540 QUIZ 5 IN MOST MODELS OF MANAGERIAL CONFLICT, THE OWNER IS THE

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