Skill-based plans tend to work best in organizations using a(n) ________ strategy.
A. defender
B. innovator
C. cost-cutter
D. laissez-faire
Answer: C
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A firm that faces problems of falling sales and excess productive capacity might resort to international dumping if it
a. can charge higher prices in markets that are elastic to price changes. b. earns revenues on foreign sales that at least cover variable costs. c. can sell at that price where domestic and foreign demand elasticities equate. d. is able to force foreign prices below marginal production costs.
If at least one constraint in a linear programming model is violated, the solution is said to be ________
Fill in the blank with correct word.
In studying failure around the world, The Global Entrepreneurship Monitor report recognized three types of economies. Which one of the following represents an economy that is helped by more efficient processes, higher wages, and better product quality?
a. efficiency-driven b. factor-driven c. people-driven d. innovation-driven
Each member of the seven-member Board is appointed by the president and confirmed by the Senate to serve 14-year terms
Indicate whether the statement is true or false