Recall the Application About the Increase in Purchases of Hybrid

question 84

Multiple Choice

Recall the Application about the increase in purchases of hybrid vehicles to answer the following question(s) .
-According to the Application, one factor which was responsible for roughly one-fifth of hybrid vehicles purchased in 2007 was a federal subsidy of up to $3,400 per hybrid vehicle. The increase in sales due to this subsidy is an example of which element of the economic way of thinking?

• A) responding to incentives
• B) thinking at the margin
• C) isolating variables
• D) using assumptions to simplify

Identify strategic management practices in international settings.

Understand the concept and applications of exporting in international trade.

Grasp the essence of cross-cultural training and its implications for global business operations.

Recognize the evolving nature and characteristics of transnational companies.

---

Definitions:

Art

A skill acquired by experience or study; an endeavor requiring special knowledge and ability, such as the art of leadership.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

Power

Vigor and strength; the force necessary to exert one’s will; a social motive for assuming leadership responsibility. A leader with power has the ability to dominate and control people and events. Sources of power used by leaders include rewards, coercion, legitimacy, and information; types of power include expertise, reference, rational, and charisma.

Interpersonal Relations

Mutual interactions and connections between individuals, often associated with personal or professional relationships.