Fay is mentally incompetent but has not been so adjudged by a court. Any contract Fay enters into is?
A)?voidable if Fay has a lucid interval at the time of contracting
B)?voidable if Fay lacks the capacity to comprehend the consequences.
C)?voidable if the other party does not realize that Fay is incompetent.
D)unavoidable.
C
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Concentrating solely on one form of competitive advantage generally leads to the highest possible level of profitability.
Answer the following statement true (T) or false (F)
When a company's culture is out of sync with what is needed for strategic success and good strategy execution
A. company personnel need to cling to familiar practices, be wary of change, and blame top management for any shortfalls in performance. B. management needs to go on the offensive to reinterpret the culture and explain to company personnel why there really is good overall cultural fit with the strategy. C. management must sanction any company personnel who refuse to participate in an all-out effort to create a different portfolio of competencies and capabilities that will permit the strategy to be changed in ways that will fit the culture. D. the strategy has to be changed as rapidly as possible to regain harmony with cultural norms. E. any unhealthy or dysfunctional cultural traits must be changed as fast as possible and management needs to be aggressively striving to ingrain new behaviors and work practices that will enable first-rate strategy execution.
The management of intellectual property involves all of the following except
A. copyrights and trademark. B. patents. C. contracts with confidentiality and non-compete clauses. D. converting explicit knowledge to tacit knowledge.
A model containing a linear objective function and linear constraints but requiring that one or more of the decision variables take on an integer value in the final solution is called
A) a goal programming problem. B) an integer programming problem. C) a nonlinear programming problem. D) a multiple objective LP problem. E) a branch-and-bound programming problem.