The Main Reason That Most Entrepreneurial Start-Up Companies Adopt a Formalized

question 49

Multiple Choice

The main reason that most entrepreneurial start-up companies adopt a formalized process of strategic planning processes at some stage of their development is:

• A)To allow quantitative analysis to be applied to strategic decision
• B)To limit the power of founders
• C)To facilitate coordination and control as a company grows in size and complexity
• D)To enable decisions to become focused more on long term development

Analyze the role of government intervention in correcting market failures due to externalities through taxes and subsidies.

Differentiate between private and social costs, and private and social values.

Identify the conditions for social optimality in the presence of externalities.

Calculate the optimal level of subsidy or tax required to achieve social optimality.

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Definitions:

Neutral Stimulus

In conditioning, a stimulus that initially elicits no specific response other than focusing attention, which can eventually elicit a conditioned response when paired with an unconditioned stimulus.

Unconditioned Response

A natural, unlearned reaction to an unconditioned stimulus, part of classical conditioning theory.

Unconditional Reinforcement

A form of reinforcement in operant conditioning that is given consistently every time a desired response is made.

Unconditioned Response

An automatic, natural reaction to a stimulus that does not depend on prior learning.