Although There Was a Financial Crisis in 2007-2010, Some Firms

question 16

Multiple Choice

Although there was a financial crisis in 2007-2010, some firms were able to weather the crisis. These firms had all of the following characteristics that were directly responsible for their ability to survive the crisis EXCEPT ____.

• A) tight control over fixed and variable costs
• B) low business risk
• C) a business model that encouraged risk taking by management that paid off
• D) selling products that appealed to cost-conscious consumers

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Definitions:

Open-ended Questions

Questions formulated to allow for unrestricted responses, enabling individuals to express their thoughts, feelings, or opinions more freely and in greater detail.

Closed-ended Questions

Questions structured to be answered with a limited set of specific responses, often "yes" or "no."

Grounded Theory

A research methodology in the social sciences involving the collection and analysis of data to generate new theories that are grounded in the observed data.

Content Analysis

A research method for the systematic analysis of media texts and communications to identify patterns, themes, or biases.