|
1) When firm build in Organizational slack they do this in order to ? a. cope with unforeseen changes b. maximize growth. c. minimize conflict within the firm d. both options one and three
|
||||
|
2) Which of the following is NOT a common reason for a merger? a. To increase competition b. To reduce uncertainty c. To achieve faster growth d. To achieve economies of scale
|
||||
|
3) Identify below those who are not stakeholders in a company ? a. Owners b. Customers c. Employees d. None of the above
|
||||
|
4) The merger of two clothing firms would be a ____ merger? a. horizontal b. vertical c. homogeneous d. conglomerate
|
||||
|
5) The merger of fiber producer and a clothing firm would be _____ merger? a. horizontal b. vertical c. conglomerate d. homogeneous
|
||||
|
6) Sales maximization is likely to take place in markets that are ? a. contestable b. perfectly competitive c. oligopolistic d. export-oriented
|
||||
|
7) If firms satisfice this means that ? a. managers need to be paid enough to stop them leaving the company b. objectives such as profit are not maximized c. short-run profits are maximized d. long-run profits are maximized
|
||||
|
8) Firms that engage in satisficing behavior are likely to be ? a. Like other firms in their industry. b. growth maximisers. c. leading firms in their industry d. unlike other firms in their industry
|
||||
|
9) Galbraith’s idea that firms are controlled by a technostructure supports _________ theories? a. Williamson’s b. classical economic c. Marxist d. monetarist
|
||||
|
10) Behavioral theories of the firm concentrate on the _______ interests of _______? a. common; different parts of the firm b. common; mangers c. conflicting; managers d. conflicting; different parts of the firm
|
||||
