Under ________, the market consists of a few large sellers who are highly sensitive to each other's pricing and marketing strategies
A) pure competition
B) monopolistic competition
C) oligopolistic competition
D) a pure monopoly
E) pure monopsony
C
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Which of the following does NOT meet the FASB's definition of a liability?
a. The signing of a three-year employment contract at a fixed annual salary b. An obligation to provide goods or services in the future c. A note payable with no specified maturity date d. An obligation that is estimated in amount
______ involves ongoing giving of praise for a job well done to maintain performance or take corrective action when standards are not met.
a. Counseling b. Training c. Coaching d. Teaching
Concerned by recent negative trends in economic indicators such as the consumer price index, gross domestic product, and inflation, the marketing manager of Kevin's Kayaks recommends that the company reduce its advertising spending. His recommendation is based on ________ data.
A. macroeconomic B. observational C. qualitative D. microeconomic E. subjective
Answer the following statements true (T) or false (F)
1. All groups go through sequential stages in problem solving. 2. Effective problem-solving teams tend to have high conformity. 3. Uncertainty affects problem identification. 4. Problem-solving teams are often permanent. 5. To arrive at effective solutions, teams should dissuade dissenting opinions.