What is double loop learning?
a. Asking two sources when a question or challenge arises
b. A version of continuous improvement efforts
c. Questioning not only incremental modifications but also assumptions those modifications were based on
d. Working in teams to assess step-by-step change projects
c. Questioning not only incremental modifications but also assumptions those modifications were based on
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Which of the following uses a deductive approach to persuasion?
A) Because the stock market has been falling lately, share prices of our company stock will probably also decline. B) Because the stock price of our company fell, the entire market will probably also decline. C) Our stock price is like a marathon runner, slowly making progress towards our goal. D) As always, the stock market really affected our stock prices last week. E) Have you heard what happened to stock prices last week?
According to Michael Porter, one of the major forces influencing competition in an industry is the threat of ________
A) Giffen goods B) independent goods C) Veblen goods D) substitute goods
Ralph and Aisha engaged Emma, a realtor, to sell their variety store. Emma represented to buyer Pavel that "this was a typical general store," selling gas, oil, hardware, beer, and groceries. She reported that the store had an annual gross income of over $1 million. Emma failed to inform Pavel that one-third of the store's profit was attributable to an accompanying lawn and garden equipment distributorship that Ralph and Aisha were not including in the sale. When Pavel visited the business, Emma directed him away from the garage area where the lawn and garden equipment was stored. Throughout all of these negotiations, Ralph and Aisha were unaware of Emma's misrepresentations. After purchasing the store, Pavel learned of the importance of the equipment sales from Ralph and Aisha. Are Ralph
and Aisha liable for Emma's misrepresentation? What will be an ideal response?
Which of the following do not serve as a source of data while preparing a cash budget?
A) A sales budget B) Collection records C) A budgeted balance sheet D) A budgeted income statement