Table 24-2
the Following Table Pertains to Wiskancia, an Economy

question 144

Multiple Choice

Table 24-2
The following table pertains to Wiskancia, an economy in which the typical consumer's basket consists of 15 pounds of apples and 7 teddy bears.
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$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of Apples } \\\text { (Dollars per pound) }\end{array} & \begin{array} { c } \text { Price of Teddy bears } \\\text { (Dollars per toy) }\end{array} \\\hline 1 & 14 & 7 \\\hline 2 & 12 & 5 \\\hline 3 & 15 & 9 \\\hline\end{array}$$
-Refer to Table 24-2. The cost of the basket

• A)decreased from Year 1 to Year 2 and increased from Year 2 to Year 3.
• B)increased from Year 1 to Year 2 and decreased from Year 2 to Year 3.
• C)increased from Year 1 to Year 2 and increased from Year 2 to Year 3.
• D)decreased from Year 1 to Year 2 and decreased from Year 2 to Year 3.

Differentiate between global mindset and market savvy in the context of global leadership.

Identify location-related competencies essential for global leadership.

Understand the role of corporate vision in achieving a sustainable competitive advantage.

Assess the role and importance of flexibility in global leadership.

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Definitions:

Flexible

Capable of being easily modified to respond to altered circumstances or conditions.

Optional

Something that is not mandatory or compulsory; it is left to one's choice or preference.

Venue

The geographic district in which an action is tried and from which the jury is selected.

Geographic Area

Refers to a specific physical region or territory defined by natural or artificial borders.