If individuals engage in thinking with more secure actions and lesser payoffs, they are engaging in:
a. opportunity thinking
b. obstacle thinking
c. habitual thinking
d. negative thinking
Ans: B
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Answer the following statements true (T) or false (F)
1. A group is defined as two or more freely interacting individuals who share norms, share goals, and have a common identity. 2. Common commitment is the essence of a team, and what differentiates it from a group. 3. Twenty-six new employees from Global Technologies Inc. are attending orientation, receiving information about company policies, and filling out various forms. These employees comprise a group. 4. A self-managed team is designed to include members from different areas within an organization, such as finance, operations, and sales.
Borrowers who believe interest rates are likely to decline prefer fixed rate mortgages
Indicate whether the statement is true or false
All the following are direct losses except:
A) a car is stolen B) a house suffers flood damage C) an apartment must be rented after a house is destroyed by fire D) a business loses $100,000 in a law suit
To create a competitive advantage through superior efficiency, an organization must
A. use technology to make its product unique and different than other products in the market. B. conduct surveys to determine whether a product will be successful in the market. C. reduce the number of inputs it requires to produce a given amount of outputs. D. create products that will attract customers and charge a premium price for those products. E. make products that are much more reliable than other available products in the market.