Narek and Milena have decided to donate 100 peanut butter and jelly sandwiches to feed the hungry. After only making 25 sandwiches the first hour, they decided to look at the way they were making the sandwich. Milena thought they should switch from each person completing an entire sandwich themselves to an assembly line. This proved to speed up the sandwich making. Which type of innovation does this scenario exemplify?
A. product
B. exploitative
C. process
D. exploratory
C. process
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Jeremy, a low-level employee at a textbook publishing company, is motivated by the fact that his manager often takes time to discuss his future in the publishing industry, suggesting interesting directions his job might take and offering him career assistance. Jeremy’s manager could be referred to as a ______ leader.
A) autocratic B) servant C) participative D) entrepreneurial
In terms of contract discharge, distinguish between a contract that is subject to a condition precedent and one that is subject to a condition subsequent
What will be an ideal response?
Disputants Martin and Daulton have hired Thurman to mediate their disagreement. Although Martin and Daulton must accept whatever decision Thurman makes, the mediation has the advantage of keeping Martin and Daulton out of court
a. True b. False Indicate whether the statement is true or false
Smalltown has two family-owned hardware stores that have been in business for years. Major Hardware decides that Smalltown would be a good place to build one of its superstores. Major opens, advertising unbelievably low prices; in fact, at below cost
Because Major owns stores nationally, it is able to keep prices extremely low until both of the family-owned stores have to go out of business because they cannot compete. After Major is the only hardware store in town, it raises its prices enough to make up for its former losses and to make some additional profit. Discuss this behavior in relation to antitrust law.