Case-Based Critical Thinking Questions

question 147

Multiple Choice

Case-Based Critical Thinking Questions
Case 3-1

Column Chart Area Chart
Sarah has put together the same information in two different charts, shown in the figure above, to present to her boss. She is thinking through the pros and cons of each chart type.
-Which chart does a better job of illustrating the collective sales trend in the Equipment, Footwear, and Apparel categories over the eight years?

• A) the column chart
• B) the area chart
• C) both a and b equally
• D) neither a nor b does a good job

Recognize the role of international cartels, particularly OPEC, in affecting global markets.

Explain the tit-for-tat strategy and its implication for sustaining cooperation or competition among firms.

Assess factors that limit the effectiveness of tacit collusion in industries.

Understand the conceptual definitions and categories of suicide according to Edwin Shneidman.

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Definitions:

Theory X

Assumption that employees dislike work and will try to avoid it.

Monetary Rewards

Financial benefits given to employees or individuals as a form of recognition or incentive.

National Labor Relations Act

A foundational statute in United States labor law which protects the rights of employees to organize and to bargain collectively with their employers.

Wagner Act

A foundational piece of U.S. labor law legislation enacted in 1935 that established the rights of workers to form unions and engage in collective bargaining with employers.