Management Notes

Reference Notes for Management

A policy that becomes a Modified Endowment Contract (MEC):

A policy that becomes a Modified Endowment Contract (MEC):

A policy that becomes a Modified Endowment Contract (MEC):

 Options:

  1. will no longer allow for policy loans
  2. must be placed in an irrevocable trust
  3. can never be reinstated after a lapse
  4. will lose many of its tax advantages

The Correct Answer Is:

d. will lose many of its tax advantages

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For which corporate strategy(ies) should supply chain inventory be minimized?

For which corporate strategy(ies) should supply chain inventory be minimized?

For which corporate strategy(ies) should supply chain inventory be minimized?

A. low cost
B. response
C. differentiation
D. low cost and response
E. low cost and differentiation

The Correct Answer is

 E. low cost and differentiation

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Which of the following areas of control for organizations exerts informal control?

Which of the following areas of control for organizations exerts informal control?

Which of the following areas of control for organizations exerts informal control?

A) cultural
B) competitive
C) informational
D) structural
E) human resources

The Correct Answer  is

A) cultural

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Which of the following is a contemporary approach to structural design in departmentalization?

Which of the following is a contemporary approach to structural design in departmentalization?

Which of the following is a contemporary approach to structural design in departmentalization?

A. Traditional divisions
B. Functional
C. Geographic-based
D. Teams
E. Divisional

The Correct Answer is

D. Teams

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