Answer:
E. Detailed procedures and rules, a clearly outlined organizational hierarchy, and impersonal relationships among organization members.
Explanation:
The three primary components that Weber's bureaucracy includes that are far removed from how Elm City Market is run are detailed procedures and rules, a clearly outlined organizational hierarchy, and impersonal relationships among organization members.
According to Max Weber, the bureaucratic organizational form is characterized by six features:
1) Specialization and Division of Labor;
2) <u>Hierarchical</u> Authority Structures;
3) <u>Rules</u> and Regulations;
4) Technical Competence Guidelines;
5) <u>Impersonality</u> and Personal Indifference;
6) A Standard of Formal, Written ...
<span>Maintenance workers have the most vague job description out of all the positions. Every other position has a detailed list explaining all of their duties. However, the maintenance position only lists one sentence of what their duties entail.</span>
Answer:
DeBondt and Thaler (1985) found that the poorest-performing stocks in one time period experienced <em>good</em> performance in the following period and that the best-performing stocks in one time period experienced <em>poor</em> performance in the following time period.
Explanation:
DeBondt and Thaler carried out a study that examined stocks of 35 worst and best performing firms over a previous five-year period.The study showed that over the following three-year period, the firms that were previously performing poorly performed better than the former best performing firms, by an average of 25%.This reversal in the fortunes of stocks of firms in the following period is called the Reversal Effect.
Answer:
The correct answer is letter "E": benchmarking.
Explanation:
Benchmarking refers to a study a company makes of the best performers of its industry in an attempt to identify their strategies so they can be compared to the ones of the firm conducting the research. The comparison aims to spot improvement areas and to adapt the good practices according to the business operations. Benchmarking should be conducted periodically by institutions that attempt to keep up to the pace of leading competitors.
