Which of the following is a downside to monopolies:
a. monopolies tend to charge higher prices b. monopolies offer inferior service
c. monopolies are slow to innovate
d. all of the other specific choices are correct
e. none of the other specific choices are correct
d
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Cyrus accepts a position as a part-time clerk at a small hardware store. His manager, Max, wants to confirm Cyrus's hours for the next 10 days. This is a fairly routine and predictable situation, so Max
A. videoconferences with Cyrus. B. asks his lawyer to contact Cyrus. C. e-mails a follow-up to Cyrus. D. mails a handwritten note to Cyrus. E. schedules a meeting with Cyrus.
If the current exchange rate is 113 Japanese yen per U.S. dollar, the price of a Big Mac hamburger in the United States is $3.41, and the price of a Big Mac hamburger in Japan is 280 yen, then other things equal, the Big Mac hamburger in Japan is:
A) correctly priced. B) under priced. C) over priced. D) There is not enough information to determine if the price is appropriate or not.
Courts that have adopted the notion of impracticability make it much easier for parties to get out of contractual obligation than under courts that only use the doctrine of impossibility
a. True b. False Indicate whether the statement is true or false
Gabe, Soon-Yi, Farah, Edgar, and Vic are part of a team at Synergetics tasked with putting together a presentation about the company's proposed community outreach initiatives. Farah, the most senior member of the team, has been with the company for several years and has worked on several similar projects. Gabe is new to Synergetics, having been recruited from a competitor. Right away, Farah and Gabe clash. Farah feels that Gabe's ideas are too "out there," while Gabe feels that Farah is boring and unimaginative, content to go with the tried and true ways of doing things that have worked in the past. Over the course of the next week, the other three team members adopt different methods of handling the conflict, but Soon-Yi's approach is the one that has the most success. Based on what you
know about conflict management, what did Soon-Yi do to reach the best possible resolution to this conflict? A. tried to smooth over disagreements by changing the subject, then lightened the mood by making a joke B. proposed several ideas that were slight variations of Gabe's ideas, while demonstrating why her ideas were superior C. discussed the situation with their boss, who then stepped in to resolve the conflict between Farah and Gabe D. suggested a solution that incorporated the best aspects of Gabe's innovative approach and Farah's practical one E. stated that she would be fine with either Gabe's ideas or Farah's, and that she did not really have an opinion either way