GPS Devices Inc sponsors a "Finders Keepers!" contest in which Erwin and other entrants agree to race to certain locales to win small prizes and collect clues that lead to the "Grand Lost Treasure," which the first finder will be awarded. GPS reserves the right to cancel the contest or change its terms at any time. If Erwin challenges this reservation in court, the court will most likely hold
that GPS can
a. cancel the contest or alter its terms at any time.
b. not modify the terms of the contest after it begins.
c. reduce the amount of the small prizes but not the grand prize.
d. reduce the amount of the grand prize but not the small prizes.
a
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A. circle B. wheel C. chain D. all-channel
Managers frequently cite which of the following reason(s) for using off-balance sheet financing?
a. Some managers believe that it might lower the cost of borrowing. b. Lower borrowing costs might result if lenders ignore off-balance-sheet financing. c. Lower borrowing costs might result if lenders are unaware of off-balance sheet financing: because borrowers do not disclose it. d. Off-balance-sheet financing might lead lenders to set interest rates for loans lower than the underlying risk levels warrant. e. all of the above
Thoroughly understanding that the system is dynamic should have which of the following impacts on organizations?
a. Leaders should understand that they can only focus on so much and choose one aspect of the external environment to focus on well b. Since external factors are changing, internal systems need to change also c. The patterns of thinking that have developed over time are reliable as new conditions arise d. No matter what changes in the environment, the same people in an organization will always have the most influence
Answer the following statement(s) true (T) or false (F)
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