The organizational system has four basic categories of input from its environment: technological, financial, material, and human.
Answer the following statement true (T) or false (F)
False
Rationale: This question has three of the four inputs right. Three of the inputs are indeed material, human, and financial. The fourth, however, is information, not technological.
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Using a person's name or likeness for commercial purposes without that person's consent is a form of invasion of privacy.
Answer the following statement true (T) or false (F)
Cameo Inc, a local company specializing in home repairs, is considering replacing its older van with a new and larger one. The estimated cost of the new van will be $45,000. Using a discount rate of 16%, the company calculates a net present value for the new van of $(7,000). Based on this information, which of the following statements is true?
A) The actual rate of return on the new van is negative. B) If the company purchases the van, they are guaranteed a rate of return of 16%. C) Using a higher discount rate should cause the net present value to become positive. D) If the actual cost of the new van ends up being less than $38,000, the net present value will become positive.
What makes culture particularly difficult to manage?
a) It influences laws b) Time differences c) It is invisible d) Convergence
List and explain each of the five sources of competitive advantage.
What will be an ideal response?