QUESTION 66 Risk generally means that the problem and alternative solutions fall

Question

QUESTION 66

Risk generally means that the problem and alternative solutions fall somewhere between the extremes of being __________ and __________.

common; usual

certain; ambiguous

routine; non-routine

certain; uncertain

1 points   

QUESTION 67

When Darrick Zelenski reviews the organization chart for his company, he can obtain all of the following pieces of information except the __________ in the firm.

lines of authority

compensation structure

subdivisions of tasks

levels of management

1 points   

QUESTION 68

Julio is one of many small Colombian farmers who sell their coffee beans to Folgers. In trying to get a higher price for his crop, Julio is most impacted by which competitive force?

threat of new competitors

customer bargaining power

supplier bargaining power

threat of substitute goods or services

1 points   

QUESTION 69

A new salesperson for Mary Kay recently learned how Mary Kay Ash founded her successful company while struggling to support herself and her children as a single parent. What element of culture does this describe?

shared practices

shared narratives

shared assumptions

shared language

1 points   

QUESTION 70

Community Gas and Electric provides utilities for three counties. The company recently started drilling its own gas wells in order to gain control over price and availability of product for its pipelines. C. G. & E. is following a strategy of __________.

forward integration

backward integration

horizontal integration

conglomerate diversification

common; usual

certain; ambiguous

routine; non-routine

certain; uncertain

Explanation / Answer

Answer:

1.b.Certain,ambiguous

Explanation:

Risk can be specific due to some reasons or sometimes it cannot be interpreted correctly and identify the cause of risk

2.b.Compensation structure

Explanation:

Organizational chart is a diagram that shows the structure of an organization and their relationhips .It shows a picture about the levels not in detail about their compensation

3.Customer bargaining power

Explanation:

Inorder to get higher price,Customer bargain for higher quality porducts and better customer service.So If he wants get higher price he has provide with high quality of coffee bean

4.b.Shared naratives

Explanation:

The salesperosn learned from the life story of Mary Kay.Shared narratives are stories or events learned from others

5.b.Backward integration

Explanation:

Backward integration is a process in which the company internally produces its segments for its own supply chain.Here C.G & E started drilling their own gas wells and internally produces their utilities.

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