The ________, ________, and ________ talent is a necessary but not sufficient condition for creating competitive advantages.

A. observance; development; hands-off approach to
B. observance; laissez-faire; regard for
C. attraction; laissez-faire; retention of
D. attraction; development; retention of


Answer: D

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Acme Global needed to hire 45 new advertising sales agents. The applicant pool consisted of 100 African American females and 100 White females. Of the 200 applicants, Acme Global hired 20 of the African American females and 25 of the White females. Is there evidence of disparate impact?

A. Yes, the African American selection rate of 20% is less than 80%, so the Four-Fifths Rule is not met. B. Yes, the African American selection rate of 25% is less than 80%, so the Four-Fifths Rule is not met. C. No, the African American selection rate of 25% is more than 20%, so the Four-Fifths Rule is met. D. No, the African American selection rate of 20% is equal to 80% of the 25% selection rate for Whites, so the Four-Fifths Rule is met.

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Bain & Company's "Management Tools and Trends" survey has consistently reported that ________________ continues to be among the most commonly used management tool among global executives, and it is the tool with one of the highest reported levels of satisfaction.

Fill in the blank(s) with the appropriate word(s).

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A mission statement does NOT include a discussion of the firm's strategic vision.

Answer the following statement true (T) or false (F)

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During the 1940s, the U.S. instituted a price support system for American potatoes. Congress had addressed the problems of agricultural imports in the Agricultural Act of 1948. The U.S. Secretary of State entered into an executive agreement with Canada that would permit only seed potatoes to be imported into the U.S. This agreement was not submitted to or approved by congress. A potato importer

imported potatoes into the U.S. for A & P grocery stores for resale. When the court tried this case brought by the U.S. against the importer: A) the court found for the importer because the executive agreement was entered into without Congressional approval. B) the court found for the U.S. because this was an executive agreement provided for by the president. C) the court used the "first in time rule" and found for U.S. since Congress and the president are equal. D) none of the above is correct in this situation.

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