Knott’s Construction builds one house every month. Mr. Knotts and Scott perform all the structural work themselves while they subcontract the plumbing and electrical work. This subcontracting is an example of:

Related MCQs

• The Imitation Products is considering how to specialize their product in order to create a niche for themselves and how much they should spend to improve the product while considering the cash flow increase that may come from product specialization. Imitation is discussing their:
• You are talking with a manager about one of his employees, Tom. The manager describes Tom as a person who has a strong desire to do the best possible job and put in the maximum effort to perform his assigned tasks. The manager is describing Tom’s:
• Town House Publishing is implementing a new HR strategy, and to give it the best chance of succeeding, the HR department should:
• New businesses start every year. These start-ups are risky ventures, as nearly fail in their first year of operation.
• Out of the number of small businesses that start every year, only will survive a decade.
• Candles, Inc. is currently evaluating the they give their employees, including stock options, benefit packages, and raises based on performance.
• Refer to Case 1.1. Caplin’s discussion of costs, quality, and capabilities shows that they are trying to address:
• One of your best MIS people left to work for a competitor. When she left, she took with her a partially completed proposal for an enhanced MIS system that would reduce costs and increase the speed of handling information. You’ve just experienced:
• A study of small high-technology firms shows that they should hire people who are:
• Transferring responsibility and decision-making authority from central office staff to the people closest to the situation that demands attention is an example of: