...state of nature is an actual event that may occur in the future. Answer: TRUE Diff: 1 Page Ref: 527 Main Heading: Components of Decision Making Key words: state of nature 2) A payoff table is a means of organizing a decision situation, including the payoffs from different decisions given the various states of nature. Answer: TRUE Diff: 1 Page Ref: 527 Main Heading: Components of Decision Making Key words: payoff table 3) The maximax criterion results in the maximum of the maximum payoffs. Answer: TRUE Diff: 2 Page Ref: 529 Main Heading: Decision Making without Probabilities Key words: maximax criterion 4) The maximin approach involves choosing the alternative with the highest payoff. Answer: FALSE Diff: 2 Page Ref: 530 Main Heading: Decision Making without Probabilities Key words: maximin criterion 5) Regret is the difference between the payoff from the best decision and all other decision payoffs. Answer: TRUE Diff: 2 Page Ref: 531 Main Heading: Decision Making without Probabilities Key words: minimax regret criterion 6) The minimax regret criterion minimizes the maximum regret. Answer: TRUE Diff: 2 Page Ref: 529 Main Heading: Decision Making without Probabilities Key words: minimax regret criterion 7) The minimax regret criterion maximizes the maximum regret. Answer: FALSE Diff: 2 Page Ref: 531 Main Heading: Decision Making without Probabilities Key words: minimax regret criterion 8) The Hurwicz criterion is...
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...state of nature is an actual event that may occur in the future. Answer: TRUE Diff: 1 Page Ref: 527 Main Heading: Components of Decision Making Key words: state of nature 2) A payoff table is a means of organizing a decision situation, including the payoffs from different decisions given the various states of nature. Answer: TRUE Diff: 1 Page Ref: 527 Main Heading: Components of Decision Making Key words: payoff table 3) The maximax criterion results in the maximum of the maximum payoffs. Answer: TRUE Diff: 2 Page Ref: 529 Main Heading: Decision Making without Probabilities Key words: maximax criterion 4) The maximin approach involves choosing the alternative with the highest payoff. Answer: FALSE Diff: 2 Page Ref: 530 Main Heading: Decision Making without Probabilities Key words: maximin criterion 5) Regret is the difference between the payoff from the best decision and all other decision payoffs. Answer: TRUE Diff: 2 Page Ref: 531 Main Heading: Decision Making without Probabilities Key words: minimax regret criterion 6) The minimax regret criterion minimizes the maximum regret. Answer: TRUE Diff: 2 Page Ref: 529 Main Heading: Decision Making without Probabilities Key words: minimax regret criterion 7) The minimax regret criterion maximizes the maximum regret. Answer: FALSE Diff: 2 Page Ref: 531 Main Heading: Decision Making without Probabilities Key words: minimax regret criterion 8) The Hurwicz criterion is...
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...plan C) The product influences D) The price influences Answer: A Page: 40 2. ________________ is one of the most basic influences on an individual’s needs, wants, and behavior. A) Brand B) Culture C) Product D) Price Answer: B Page: 41 3. In terms of consumer behavior; culture, social class, and reference group influences have been related to purchase and _______________. A) Economic situations B) Situational influences C) Consumption decisions D) Physiological influences Answer: C Page: 39 4. Many sub-cultural barriers are decreasing because of mass communication, mass transit, and a ___________________. A) Decline in the influence of religious values B) Decline in communal influences C) Strong awareness of brands in the market D) Strong awareness of pricing policies in the market Answer: A Page: 42 5. ___________ develop on the basis of wealth, skills and power. A) Economical classes B) Purchasing communities C) Competitors D) Social classes Answer: D Page: 42 6. _____________ (is) are transmitted through three basic organizations: the family, religious organizations, and educational institutions; and in today’s society, educational institutions are playing an increasingly greater role in this regard. A) Consumer feedback B) Marketing information systems C) Market share estimates D) Cultural values Answer: D Page: 42 7. In large nations, the population is bound to lose a lot...
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...family members. c. OB can be used in community settings like children’s daycare centres. d. OB can be applied to any organization in order to make it run more effectively. e. OB focuses on 3 levels of behaviour that can occur in any organization. Difficulty: 1 Page-Reference: 4,5 Question ID: 01-1-01 Skill: Recall Topic: Defining Organizational Behaviour Objective: 1 Answer : a.OB is relevant only in employment situations. 2. Which of the following situations would likely receive the least benefit from studying Organizational Behaviour(OB) techniques? a. voluntary community groups b. large family situations and interactions c. post-secondary education student study groups d. religious organizations e. pre-teen paper routes Difficulty: 2 Page-Reference: 4,5 Question ID: 01-1-02 Skill: Recall Topic: Defining Organizational Behaviour Objective: 1 Answer : e.pre-teen paper routes 3. A field of study that investigates the impact of individuals, groups, and structure on behaviour within organizations is known as a. psychology. b. sociology. c. social psychology. d. anthropology. e. organizational behaviour. Difficulty: 1 Page-Reference: 4 Question ID: 01-1-03 Skill: Recall Topic: Defining Organizational Behaviour Objective: 1 Answer : e.organizational behaviour. 4. A consciously coordinated social unit composed of a group of people that function on a relatively continuous...
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...economies. Answer: A Comment: Recurring Diff: 2 Page Ref: 38/38 Topic: Scarcity Objective: LO1: Use a production possibilities frontier to analyze opportunity costs and trade-offs AACSB: Reflective Thinking Special Feature: None 2) The principle of opportunity cost is that A) in a market economy, taking advantage of profitable opportunities involves some money cost. B) the economic cost of using a factor of production is the alternative use of that factor that is given up. C) taking advantage of investment opportunities involves costs. D) the cost of production varies depending on the opportunity for technological application. Answer: B Comment: Recurring Diff: 3 Page Ref: 38/38 Topic: Opportunity Cost Objective: LO1: Use a production possibilities frontier to analyze opportunity costs and trade-offs AACSB: Reflective Thinking Special Feature: None 3) The production possibilities frontier model shows that A) if consumers decide to buy more of a product its price will increase. B) a market economy is more efficient in producing goods and services than is a centrally planned economy. C) economic growth can only be achieved by free market economies. D) if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good. Answer: D Comment: Recurring Diff: 2 Page Ref: 38/38 Topic:...
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...performance of a corporation. Answer: FALSE Diff: 1 Page Ref: 5 Topic: The Study of Strategic Management 2) In the externally oriented planning phase, plans are developed by heavily involving the input of managers from lower levels. Answer: FALSE Diff: 2 Page Ref: 5 Topic: The Study of Strategic Management 3) General Electric led the transition from strategic planning to strategic management during the 1980s. Answer: TRUE Diff: 1 Page Ref: 6 Topic: The Study of Strategic Management 4) One of the benefits of strategic management is a clearer sense of vision for the firm. Answer: TRUE Diff: 2 Page Ref: 6 Topic: The Study of Strategic Management 5) To be effective, strategic management must be a formal process. Answer: FALSE Diff: 3 Page Ref: 7 Topic: The Study of Strategic Management 6) Globalization is the internationalization of markets and corporations. Answer: TRUE Diff: 1 Page Ref: 8 Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management 7) As more industries become global, strategic management is becoming less important in positioning a company for long-term competitive advantage. Answer: FALSE Diff: 2 Page Ref: 8 Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management 8) Environmental sustainability reflects business practices to reduce a firm's impact on the physical environment. Answer: TRUE Diff: 2 Page Ref: 8 Topic: Globalization and Environmental...
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...an objective and resource constraints. Answer: TRUE Diff: 2 Page Ref: 31 Section Heading: Model Formulation Keywords: model formulation AACSB: Analytic skills 2) The objective function always consists of either maximizing or minimizing some value. Answer: TRUE Diff: 2 Page Ref: 31 Section Heading: Model Formulation Keywords: objective function AACSB: Analytic skills 3) The objective function is a linear relationship reflecting the objective of an operation. Answer: TRUE Diff: 1 Page Ref: 31 Section Heading: Model Formulation Keywords: model formulation AACSB: Analytic skills 4) A constraint is a linear relationship representing a restriction on decision making. Answer: TRUE Diff: 1 Page Ref: 31 Section Heading: Model Formulation Keywords: model formulation AACSB: Analytic skills 5) A linear programming model consists of only decision variables and constraints. Answer: FALSE Diff: 1 Page Ref: 56 Section Heading: Characteristics of Linear Programming Problems Keywords: model formulation AACSB: Analytic skills 6) A parameter is a numerical value in the objective function and constraints. Answer: TRUE Diff: 1 Page Ref: 31 Section Heading: Model Formulation Keywords: parameter AACSB: Analytic skills 7) A feasible solution violates at least one of the constraints. Answer: FALSE Diff: 2 Page Ref: 34 Section Heading: Model Formulation Keywords: model formulation ...
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...performance of a corporation. Answer: FALSE Diff: 1 Page Ref: 5 Topic: The Study of Strategic Management 2) In the externally oriented planning phase, plans are developed by heavily involving the input of managers from lower levels. Answer: FALSE Diff: 2 Page Ref: 5 Topic: The Study of Strategic Management 3) General Electric led the transition from strategic planning to strategic management during the 1980s. Answer: TRUE Diff: 1 Page Ref: 6 Topic: The Study of Strategic Management 4) One of the benefits of strategic management is a clearer sense of vision for the firm. Answer: TRUE Diff: 2 Page Ref: 6 Topic: The Study of Strategic Management 5) To be effective, strategic management must be a formal process. Answer: FALSE Diff: 3 Page Ref: 7 Topic: The Study of Strategic Management 6) Globalization is the internationalization of markets and corporations. Answer: TRUE Diff: 1 Page Ref: 8 Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management 7) As more industries become global, strategic management is becoming less important in positioning a company for long-term competitive advantage. Answer: FALSE Diff: 2 Page Ref: 8 Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management 8) Environmental sustainability reflects business practices to reduce a firm's impact on the physical environment. Answer: TRUE Diff: 2 Page Ref: 8 Topic: Globalization and Environmental...
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...performance of a corporation. Answer: FALSE Diff: 1 Page Ref: 5 Topic: The Study of Strategic Management 2) In the externally oriented planning phase, plans are developed by heavily involving the input of managers from lower levels. Answer: FALSE Diff: 2 Page Ref: 5 Topic: The Study of Strategic Management 3) General Electric led the transition from strategic planning to strategic management during the 1980s. Answer: TRUE Diff: 1 Page Ref: 6 Topic: The Study of Strategic Management 4) One of the benefits of strategic management is a clearer sense of vision for the firm. Answer: TRUE Diff: 2 Page Ref: 6 Topic: The Study of Strategic Management 5) To be effective, strategic management must be a formal process. Answer: FALSE Diff: 3 Page Ref: 7 Topic: The Study of Strategic Management 6) Globalization is the internationalization of markets and corporations. Answer: TRUE Diff: 1 Page Ref: 8 Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management 7) As more industries become global, strategic management is becoming less important in positioning a company for long-term competitive advantage. Answer: FALSE Diff: 2 Page Ref: 8 Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management 8) Environmental sustainability reflects business practices to reduce a firm's impact on the physical environment. Answer: TRUE Diff: 2 Page Ref: 8 Topic: Globalization and Environmental...
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...optimized to achieve a high percentage of purchases. These are the features of the Apple website: Navigation bar Rollovers have been used on this webpage rolling the mouse cursor over the button causing the button to react sometimes resulting in a change in the web page itself. Apple uses many buttons links to move from one page to another a search box is used for locating product’s fast and effectively. Menus are very simple you are able to click on the Apple logo returning you back to the homepage. Layout The website structure of the website has a very simple design. The layout is consistent on every page making visitors spend less time trying to navigate the important things. Apple logo The logo is there to identify the website. It can also be used to return back to the home page. The logo is also interactive as you can click on it to get back to the homepage they are graphical displays of apples unique identity through colours. Design The visual design such as the professional high quality pictures makes it eye catching to users browsing through out the pages. Designs are very spaced out making it easy to manrouver around the webpagenn the white background displayed across all the pages making pictures and text stand out. Interactive slideshow with 5 slides displaying the important stuff such as new products that have been newly released across the...
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...1. Give the author’s “more formal” definition of thinking. What page(s) in the text did you find the answer on? Thinking is any mental activity that helps formulate or solve a problem, make a decision, or fulfill a desire to understand. It is a searching for answers, a reaching for meaning. Chapter 1, page 4 2. What one “thing” is required to successfully solve a problem and analyze an issue? What page(s) in the text did you find the answer on? Successful problem solving and issue analysis require factual knowledge—that is, familiarity with the historical context of the problem or issue and an understanding of the relevant principles and concepts. Chapter 1, page 5 3. What three things are increasingly expected of employees? What page(s) in the text did you find the answer on? Skill in problem solving, issue analysis, and decision making is increasingly expected of employees. Chapter 1, page 5 4. The right hemisphere of the brain governs what responses? The left hemisphere of the brain handles what tasks? What page(s) in the text did you find the answer on? The right hemisphere, it was learned, governs nonverbal, symbolic, and intuitive responses. Chapter 1, page 6 5. What are the two distinct phases of the mind? What page(s) in the text did you find the answer on? The extravagance of popularizers notwithstanding, neurophysiological research seems to parallel cognitive psychologists’ earlier realization that the mind...
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...BUS520 Week 11 Final Exam 1 and 2 BUS520 Week 11 Final Exam 1 and 2 BUS520Week 11 Final Exam 1 and 2 Download Answer Here http://workbank247.com/q/bus520-final-exam-1-and-2/6911 Question 1 According to the Ohio State leadership studies, a leader high in __________ is sensitive to people’s feelings and tries to make things pleasant for the followers. • Question 2 __________ make(s) a leader’s influence either unnecessary or redundant in that they replace a leader’s influence. • Question 3 According to the path-goal leadership theory, a manager is showing a participative leadership style when he/she __________. • Question 4 According to __________ approaches, individual behavior is constructed in context, as people act and interact in situations. • Question 5 Meindl referred to the phenomenon whereby people attribute almost magical qualities to leadership as _____________. • Question 6 The __________ that are driving organizations of all types and sizes can be found in organization-environment relationships, the organizational life cycle, and the political nature of organizations. • Question 7 The decision to construct a new overseas plant can be considered to be a(n) __________. • Question 8 Which of the following, refers to altruistic love? • Question 9 __________ is intentional and occurs as a result of specific efforts by a change agent. • Question 10 Another name for incremental change is __________. • Question...
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...Ethics/Social Responsibility/Environmental Sustainability 1) Many people consider it unethical for a firm to be socially irresponsible. Answer: TRUE Diff: 1 Page Ref: 310 AACSB: Ethical Understanding and Reasoning Abilities Objective: 10.01 Explain why good ethics is good business in strategic management. Learning Outcome: Discuss the roles of ethics and social responsibility in strategic management 2) Social responsibility refers to actions an organization takes that are legally required to protect or enhance the well-being of living things. Answer: FALSE Diff: 2 Page Ref: 310 AACSB: Ethical Understanding and Reasoning Abilities Objective: 10.01 Explain why good ethics is good business in strategic management. Learning Outcome: Discuss the roles of ethics and social responsibility in strategic management 3) Sustainability refers to the extent that an organization's operations and actions protect, mend, and preserve rather than harm or destroy the natural environment. Answer: TRUE Diff: 1 Page Ref: 310 Objective: 10.05 Discuss specific ways that firms can be good stewards of the natural environment. Learning Outcome: Discuss the roles of ethics and social responsibility in strategic management 4) Good ethics is not a prerequisite for good strategic management. Answer: FALSE Diff: 2 Page Ref: 311 AACSB: Ethical Understanding and Reasoning Abilities Objective: 10.01 Explain why good ethics is good business in strategic management. Learning...
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...$500 EVERYDAY with FACEBOOK FAN PAGES! ver 1.8 (Updated: 16th September 2010) From the desk of your favorite author Adam C. Miller A member of Warrior Forum 1 $500 EVERYDAY with FACEBOOK FAN PAGES! ver 1.8 DISCLAIMER The information presented herein represents the views of the author as of the date of publication. Because of the rate with which conditions change, the author reserves the rights to alter and update his opinions based on the new conditions. This manual is for informational purposes only and the author does not accept any responsibilities for any liabilities resulting from the use of this information. While every attempt has been made to verify the information provided here, the author and his referrals cannot assume any responsibility for errors, inaccuracies or omissions. Any slights of people or organizations are unintentional. This publication is not intended for use as any source of advice such as legal, medical, or accounting. The publisher wants to stress that the information contained herein may be subject to varying international, federal, state, and/or local laws or regulations. The purchaser or reader of this publication assumes responsibility for the use of these materials and information. Adherence to all applicable laws and regulations, including international, federal, state and local governing professional licensing, business practices, advertising, and all other aspects of doing business in the EU, US, Canada or any other jurisdiction...
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...RESEARCH ON JAPAN’S CONSUMERS BECAUSE THEIR HEAVY USE OF CELL PHONES TO ACCESS THE INTERNET. Ans: T Page: 2 AACSB: Technology 2. Consumer behavior involves more than buying and using goods and services. Ans: T Page: 3 AACSB: Analytic 3. The average U.S. household spends $127 per day on goods and services. Ans: T Page: 5 AACSB: Analytic 4. Online shopping is growing by more than 30 percent every year. Ans: F Page: 8 AACSB: Technology 5. The primary reason, according to your text, that people prefer to shop online is that there is a wide selection. Ans: F Page: 10 AACSB: Technology 6. The four domains of consumer behavior are (1) psychological, (2) the process of making decisions, (3) the consumer’s family upbringing, and (4) consumer behavior outcomes. Ans: F Page: 11 AACSB: Analytic 7. In consumer behavior, recognizing a problem occurs when consumers realize they have an unfilled need. Ans: T Page: 12 AACSB: Analytic 8. Culture refers only to the typical or expected behaviors or norms of religious groups. Ans: F Page: 13 AACSB: Analytic 9. Jack is an avid gamer and meets John, who plays similar video games. Jack would consider John as a part of his reference group. Ans: T Page: 14 AACSB: Analytic 10. One reason marketers study consumer behavior is because it helps them to create new products. Ans: T Page: 16 AACSB: Analytic 11. Research indicates that we understand the differences between brands better...
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