Financial crises
A) are major disruptions in financial markets that are characterized by sharp declines in asset prices and the failures of many financial and nonfinancial firms.
B) occur when adverse selection and moral hazard problems in financial markets become more significant.
C) frequently lead to sharp contractions in economic activity.
D) are all of the above.
E) are only A and B of the above.
D
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______ are the rules of living and functioning in a particular society.
a. Traditions b. Practices c. Culture d. Narratives
Agger Inc. is opening an overseas office for the first time and is sending its best sales manager to oversee the start-up for two years. Zac, Agger Inc.'s human resource manager, is preparing cross-cultural training for the sales manager. A colleague suggests to Zac that he include the manager's spouse in the training. Should Zac follow the advice of his colleague?
A. Yes, the spouse should be included because doing so shows that the company values diversity. B. Yes, the spouse should be included because not doing so could be seen as sex discrimination. C. Yes, the spouse should be included because the family's adjustment affects the success of an assignment. D. No, train only the employee because the employee is the only one going on the assignment. E. No, train only the employee because including the spouse adds to costs but not benefits.
________ refers to buying large carload lots and dividing them into smaller units before shipping them out to consumers
A) Bulk breaking B) Containerization C) Wholesaling D) Warehousing E) Broking
The early ________ cut expenses by offering few services and operating in warehouse-like facilities in low-rent, heavily traveled districts
A) department stores B) hypermarkets C) discount stores D) supermarkets E) full-service retailers