Less expensive labor pools overseas might create layoffs at a U.S.-based engine plant. This is an example of
structural unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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A "with average" policy contains a ________ that provides for payment only if the loss exceeds a specified minimum amount
A. Himalaya Clause B. franchise clause C. constructive loss clause D. loss payee clause
In certain situations, a decision maker may decide to ignore the assumptions of nonlinearity when formulating a model in exchange for:
a. More accurate results of the solution. b. A simpler formulation and solution process. c. A better representation of real-world relationships. d. All of the above
In terms of the build-borrow-or-buy framework, a firm's internal resources are considered to be relevant when they are
A. different from those that need to be developed and superior to those of competitors in the targeted area. B. different from those that need to be developed and inferior to those of competitors in the targeted area. C. similar to those that need to be developed and superior to those of competitors in the targeted area. D. similar to those that need to be developed and inferior to those of competitors in the targeted area.
In the context of a SWOT (strengths, weaknesses, opportunities, and threats) analysis of a company, which of the following is an example of an external opportunity?
A. Lower costs and higher profit margins B. New social trends in the market C. Greater restrictions on trade in foreign markets D. Aggressive competition in the same industry