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Question 1.1.(TCO 1) Which of the following is an e

Question 1.1.(TCO 1) Which of the following is an e

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Page 1

Question 1.1.(TCO 1) Which of the following is an example of an organization? (Points : 7)

The Department of Labor
The Atlanta Braves
IBM
The Boys & Girls Club of America
All of the above

Question 2.2.(TCO 2) In Florida, a vacationer could choose from over 200 timeshare resorts. In Vermont, the choice is limited to 15. A resort in Vermont has (Points : 7)

the power of buyers.
the power of suppliers.
the threat of new entrants.
competitive rivalry.
the competitive advantage.

Question 3.3.(TCO 3) The Sarbanes-Oxley Act requires _____ to vouch for the truthfulness and fairness of the firm’s financial disclosures. (Points : 7)

all employees
managers
senior managers
board members
senior managers and board

Question 4.4.(TCO 4) Which of the following economies is not considered a mature market economy? (Points : 7)

Free market economy
Industrializing economy
Communist economy
Developing market economy
Command economy

Question 5.5.(TCO 5) Busy managers will often use _____, or rules of thumb, to make decision making more simple. (Points : 7)

heuristics
folksonomies
algorithms
sophisms

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