Agency that arises when a principal creates the appearance of any agency that does not actually exist is:
A) agency by estoppel.
B) fraudulent estoppel.
C) ratified agency.
D) express agency.
A
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Sears opened up department stores in Mexico and Spain, where it found qualified local manufacturers to produce many of the product it sells. This type of joint venture is known as ________
A) joint ownership B) licensing C) management contracting D) indirect exporting E) contract manufacturing
To help a firm achieve a competitive advantage, each distinct activity performed in the value chain needs to
A. reduce the causal ambiguity and the social complexity of the firm's source of success. B. contribute to the firm's strategic position as either low-cost leader or differentiator. C. create a static fit between the company's internal resources and the external environment. D. reduce the immobility and the heterogeneity of the firm's resources.
How much money had Intel spent developing the Pentium chip?
a. $150 million b. $500 million c. $600 million d. $1 billion
U.S. government policies impose strategic constraints on business organizations, such as the requirement that businesses with 50 or more full-time employees offer health insurance. Juan is the manager of a small factory with 75 employees. Juan sees these government regulations and laws as a detriment to his business and its profitability. What is Juan missing in his assessment of government regulations and laws and their impact on his business?
A. The health insurance requirement can be used strategically when recruiting and retaining talent. B. The law is changing every day and may increase the size of businesses required to provide health insurance. C. Bribes and kickbacks are illegal practices in the United States. D. Giving more generous benefits lowers the cost of compensating employees. E. The health insurance requirement is likely to increase labor costs.