Exam 1: Introduction

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If the market for a product improves with increases in both the market demand and the price, then the reaction of companies in that market:

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What was the main reason for "liar loans" to proliferate?

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According to the text, successful firms tend to set up:

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Economics provides a theory to explain:

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Explain why the top executives of Societe Generale are more likely to blame than Jerome Kerviel?

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The business practice of looking for a firm that has best practices in an area and then emulating those practices is called:

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DHL, a successful European company, is attempting to overcome various legal problems in order to enter the US market in overnight package delivery. Its two major competitors would be FedEx and UPS. As DHL looks to set up a US subsidiary, it wishes to benchmark its organizational architecture. What should it do?

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Benchmarking means:

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Business Week sums up the failure of Enron to:

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