chapter Six businesses and Their Costs ANSWERS TO END-OF-CHAPTER QUESTIONS 6-1 Distinguish clearly between a plant‚ a firm‚ and an industry. Contrast a vertically integrated firm‚ a horizontally integrated firm‚ and a conglomerate. Cite an example of a horizontally integrated firm from which you have recently made a purchase. A plant is an operating unit where production takes place. This production can be manufacturing‚ farming‚ mining‚ retailing‚ wholesaling‚ warehousing—anything
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Pre-test: Chapter 10 1. The term for the unequal access to power‚ prestige‚ and property based on a person’s sex is ________. A. sex typing B. sexual harassment C. gender stratification D. matriarchy 2. While the notion of gender refers to sociological characteristics‚ the concept of sex refers to ________ A. psychological B. biological C. philosophical D. anthropological 3. What is the normal chromosome configuration for a male? A. XY B. XX C. XYY D. XXY 4. Who proposed
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Chapter 10 Summary -Leadership -Vision • Vision: a mental image of a possible and desirable future state of the organization. -Comparing Leaders and Managers • Supervisory leadership: behavior that provides guidance‚ support‚ and corrective feedback for day-to-day activities. • Strategic leadership: behavior that gives purpose and meaning to organizations‚ envisioning and creating a positive future. -Power and leadership • Power: the ability to influence others. • Legitimate power- A leader
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Chapter 10 Q’s 1. What steps can the company’s IHRM department take to maximize the effectiveness of the expatriate’s assignment and the long-term benefit to the company? The steps that an IHRM department can take to maximize the effectiveness of the expatriate’s assignment and create a long term benefit to the company are to necessitate plans for retention of expatriates during and after their assignments. Support programs for expatriates should include information from and contact with the
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Khanh Luong & Derek Luong Chapter 10 Asia in the Early Modern Era The Early European Colonization of Southeast Asia Southeast Asia is magnet for Europeans. Southeast Asia is kaleidoscope of states and cultures. Island Southeast Asia’s political fragmentation and desirable products made the region easy prey for European domination. The Malay Peninsula is the place for trading between East and South Asia. The Philippines is the place where Chinese sailing junks had been trading. The Portuguese‚ the
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Zinn Chapter 12 1. Why might Teddy Roosevelt have thought that the United States needed a war in 1897? a. The United States was struggling politically and economically. It was believed that opening up markets overseas would relieve a lot of the problems that the United States was having in its depression. 2. In what sense was expansion overseas “not a new idea”? If it was not new‚ then why did it not begin until 1898? a. The Monroe Doctrine moved the US down south into the Caribbean even before the
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MenuItem 10: (Topic 10) Medium- to long-term debt Question 1: Manufacturer Limited is seeking a five-year term loan from its bank. The bank manager has indicated that a loan can be provided and will be priced at the bank’s base rate‚ plus a margin. Which of the following is not a determinant of the margin to be paid by the company? A: the debt to equity ratio of the borrower B: the borrower’s past loan-repayment performance C*: the term structure of interest rates D: the assets available to
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Chapter 7 Competition and Policies towards Monopolies and Oligopolies‚ Privatization and Deregulation Suggested Answers to the Review Questions I. Questions 1. Pure monopoly refers to the case where: a) there is a single firm selling the commodity‚ b) there are no close substitutes for the commodity‚ and c) entry into the industry is very difficult or impossible. If we further assume that the monopolist has perfect knowledge of present and future prices and costs‚ we have perfect monopoly
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10 Interview questions and answers 1. Why should I hire you? Because I sincerely believe that I’m the best person for this job. I realize that there are many other college students who have the ability to do this job. But I also bring an additional quality that makes me the very best person for this job. Because I’m putting every part of myself into achieving it. 2. What is your long-range objective? Where do you want to be 10 or 15 years from now? Although it’s certainly difficult
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Chapter 4_class exercise True/False 1. The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product. Answer: TRUE 2. A time-series model uses a series of past data points to make the forecast. Answer: TRUE 3. Cycles and random variations are both components of time series. Answer: TRUE 4. One advantage of exponential smoothing is the limited amount of record keeping involved. Answer: TRUE 5. If a forecast is consistently greater
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