Final Exam PMBA 8030 TRACI’S SALON 1) Retail Hairstyling Industry Number of firms – many Entry conditions – easy Product type – few to many Conduct of firms – less aggressive Retail hairstyling industry is considered to be a monopolistic competition where there are many firms selling similar but not identical goods and services. In monopolistic markets‚ there are a large number of sellers and they can easily enter or leave the market. This is most common market in the U.S. economy‚ especially
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COURSE : ECONOMICS EXAMINATION : APRIL 2011 QUESTION 1 A) What is market equilibrium? With the aid of a diagram‚ explain how it is determined? (4marks) Answer: Market equilibrium is a situation in which the supply curve of an item is exactly equal to its demand curve. Since there is neither surplus nor shortage in the market‚ price tends to remain stable in this situation. Price D S E P S D 0 Q
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Final Exam _Marco Paredes MGT- 4610 TQM Prof. Castro 1- Identify and discuss the five key dimensions of service quality. Given an example of a service and describe how a customer may define quality along each of these dimensions. The SERVQUAL Instrument measures the five dimensions of Service Quality. These five dimensions are: tangibility‚ reliability‚ responsiveness‚ assurance and empathy. Tangibility Since services are tangible‚ customers derive their perception of service quality by comparing
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MGT 350 1) Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. The best way for Bill to approach this as a critical thinker is to A. collect and analyze the evidence B. identify opportunities and obstacles C. understand different perspectives on the issue D. weigh the consequences of this decision 2) Critical thinking is very important in making decisions that impact an organization’s growth and survival. Which of
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MGT 350 FINAL EXAMS http://www.finalexamguideline.com/MGT-350-FINAL-EXAM-2-48.htm 1. Critical thinking may be stored for use in future decision making. Examples of mechanisms used to “store” critical thinking for future programmed decisions include 2) Decision tools and techniques influence the use of critical thinking in decision making. According to the decision steps model‚ what is a proper response when an unstructured problem is presented? 3) Bill Simmons is the manager of a small
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MGT 253 Final Exam Solution http://www.tutorialsguider.com/downloads/mgt-253-final-exam-solution/ MGT 253 Final Exam Solution Question 1 A fishbone diagram focuses on identifying the sources of quality problems encountered in a process. Question 2 What quality management tool shows that most of the time‚ 80% of quality problems are created by 20% of the sources of problems: Question 3 In project quality management‚ benchmarking helps to: Question
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DOWNLOAD Correct Answers in Red 1) Planning involves which of the following? A. Analyzing current situations (most correct‚ if only one is to be selected) B. Determining rewards for goals achievement C. Motivating employees D. Implementing necessary changes 2) _______ is specifying the goals to be achieved anddeciding in advance the appropriate actions needed to achieve those goals. A. Staffing B. Leading C. Organizing D. Planning 3) Advances in genetic engineering and biotechnology are expected
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MGT 307 FINAL EXAM 2 http://www.finalexamguideline.com/MGT-307-FINAL-EXAM-2-28.htm 1) Organizational behavior goals include all of the following EXCEPT: 2) __________ is a multidisciplinary field devoted to understanding individual and group behavior‚ interpersonal processes‚ and organizational dynamics. 3) Organizational behavior is an interdisciplinary body of knowledge with strong ties to all of the following disciplines EXCEPT: 4) Which of the following statements about the
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DOWNLOAD http://www.supportonlineexam.com 1) The key management functions include: A. Planning‚ leading‚ controlling‚ and organizing B. Planning‚ operations‚ labor‚ and contracting C. Marketing‚ finance‚ accounting‚ and production D. Hiring‚ training‚ appraising‚ and firing 2) Planning involves all of the following EXCEPT: A. Analyzing current situations B. Determining rewards for goals achievement C. Determining objectives D. Deciding actions to be taken 3) The four traditional functions of management include
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MGT 350 FINAL EXAM http://www.finalexamguideline.com/MGT-350-FINAL-EXAM-4-50.htm 1. Critical thinking may be stored for use in future decision making. Examples of mechanisms used to “store” critical thinking for future programmed decisions include A. a Pareto Chart B. a Stakeholder Analysis C. a SWOT Analysis D. a regression analysis E. a troubleshooting decision tree 2. When facing a critical decision‚ a manager should use critical thinking in order to ______ uncertainty
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