What Is the Approach of Warren Buffet of Berkshire Hathaway

question 44

Multiple Choice

What is the approach of Warren Buffet of Berkshire Hathaway to conglomerate management?

• A) Exploiting dominant logic by focusing on mature, well understood industries
• B) Exploiting transformational change
• C) Exploiting breakthrough technology
• D) Exploiting the Internet to develop a portfolio of virtual businesses

Distinguish between conspicuous waste and conspicuous consumption, with examples.

Define the term "power" in a sociological context and how bureaucracy influences power dynamics.

Recognize the concepts of "the culture of poverty," "classist" thinking, and socioeconomic disparities in societies like Canada.

Understand the distinctions between void and voidable titles and their implications in business transactions.

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Definitions:

Immediate Pay-offs

Immediate benefits or returns gained from an action or investment, often considered short-term thinking.

Nonrenewable Natural Resources

Resources found in nature that cannot be replenished or take millions of years to form, such as coal, oil, and natural gas.

Research and Development

The examination and analysis efforts performed by a business aiming at bettering its current products and methodologies or at pioneering new products and methodologies.

Immediate Pay-offs

Benefits or profits that are quickly realized after the implementation of an action or investment, as opposed to long-term gains.