Which heuristics lead us to base decisions on the first piece of information and then adjust it?
a. Availability
b. Confirmation
c. Representativeness
d. Anchoring and adjustment
d. Anchoring and adjustment
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The __________diversification strategy creates value in two ways. First, because the core competency has already been developed in one business, the firm does not have to allocate resources to develop it. Second, because the resource is intangible, competitors cannot easily imitate it.
A. related constrained B. unrelated C. related linked D. dominant business
The usage variance is the difference between the actual and standard quantity of inputs
A) multiplied by the actual unit price of the input. B) budgeted multiplied by the standard unit price of the input. C) multiplied by the standard unit price of the input. D) purchased multiplied by the actual unit price of the input. E) none of these.
SCENARIO-BASED QUESTIONS Crafting An Effective Routine Claim Analyze the following routine claim letter and make the required revisions. Dear Mr. Ortiz: Eight months ago, I purchased the Wireless-G Broadband Router (2.2 GHz), Model No. 13MP26SD, from
your company. After only eight months of use, it no longer works. It quit working while I was in the middle of a huge project, and the delay cost me hundreds of dollars. Since this product came with a year warranty, I am upset that it quit working after less than a year. It must be defective. I have the receipt for purchase and want a replacement immediately. The router problem has already cost me time and money. If I do not receive a replacement or refund immediately, I will not buy your products in the future. Please send a replacement router via express delivery to the address on this letterhead. Thank you.
Previously in stock-drop cases, courts used a presumption of prudence standard, presuminginvestment of company stock in company pension plans to have been prudent and therefore valid, despite problems with the stock. But a recent Supreme Court case ruled that the managers of company stock funds enjoy no special presumption of prudence. Discuss the potential impact of this ruling