An unstable environment is one in which the number of external elements of the environment that lie in the firm's domain is very large. That means many environmental elements (e.g., customers, vendors, suppliers, investors, unions, policies etc.) can affect the firm but they may not necessarily change frequently. (Hint: The content on Stable-Unstable dimension of external environment may be relevant here)  True  False

true or false  9. The second-degree stochastic dominance is better than the firstdegree stochastic dominance when evaluating the highest expected utility.

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MODIFIED TRUE or FALSE. Write "T" if the given statement is TRUE, correct and valid. Write "F", if otherwise. If your answer is either "T" or "F" explain, why is it true or false. Cite a theory, use a formula or graph to support your answers. 17. Other factors/determinants such as pests and diseases can affect largely the demand of the people for a specific good or service. 18. Price elasticity of either demand or supply measures the responsiveness of the quantity demanded or quantity supplied by buyers or sellers to changes in its own income 19. A perfectly inelastic demand exhibits a horizontal demand curve and n=∞. 20. A perfectly elastic supply exhibits a vertical supply curve and n=0. 21. In a monopolistic market, there are several suppliers in the market. 22. The given equation Q = 13 -0.25P is an example of a supply equation. 23. The formula to derive the elasticity of either for demand or supply is: O= _ x _ 24. Luxurious goods are considered inferior goods for minimum…

The CEO of a car manufacturing company is about to launch new car. However, there are opposite views regarding the launch. The marketing manager expects that the car will generate high revenue and profit. However, the lead designer reported that although the design met required industry and law standards and requirements, tests showed a low risk that the car could malfunction (), possibly injuring a user. By deciding to launch the car as designed, what criterion of decision making was ignored ( )? A Economic Feasibility. B Rationality. C) Ethicalness. D Legality. E Practicality

Economic threshold level must be at the same value for a pest affecting two or more crops True or False

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All the answers below are reasons for performing risk management EXCEPT. O a. Planning for known and unknown events O b. Ensure the occurrence of opportunities. O c. Elimination of issues O d. Reduce the impact of threats

Government officials must decide how to reduce the amount of Magentum being adulterated in the future. According to Becker, which of the following are options that could get the same expected cost of crime commission? 1 - Increase the probability of detection and conviction and combine that with a low sanction. 2 - Change the opportunity cost of the crime. 3 - Keep a low risk of probability of detection and conviction but impose a very high sanction.       1 and 3     1, 2, 3     1 and 2     2 and 3