Case-Based Critical Thinking Questions Case 7-1 Sonia and Sam Are

question 7

Multiple Choice

Case-Based Critical Thinking Questions Case 7-1 Sonia and Sam are colleagues who are working together to produce a fundraising letter for a non-profit organization. They have each made changes to the first draft of the letter, and they need to produce one final version that incorporates both sets of changes. After Sam and Sonia have combined their versions of the first draft to produce a second draft, their boss gives them a document containing his changes to the first draft. How (if at all) can they use Word to incorporate his changes?

• A) They can go back to their own versions of the first draft, and they can use Word to combine all three versions at once and thereby produce a new second draft.
• B) They can go back to their own versions of the first draft, and they can use Word to select the two versions that are closest to each other and to combine them into a new second draft.
• C) They can use Word to combine their boss's version of the first draft with the second draft that they have already produced.
• D) They cannot use Word to do this. They will need to manually incorporate their boss's changes into the second draft that they have already produced.

Analyze the effects of external changes on strategy and market equilibria.

Evaluate the role of communication and public announcements in strategic games.

Understand the application of game theory in competitive business strategies.

Identify the influence of market structure changes on strategic decisions.

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Definitions:

Spreadsheet

A digital tool that organizes data in columns and rows, commonly used for calculations and data analysis.

Cash Flows

The complete volume of financial transactions entering and exiting a business, with a key effect on its financial fluidity.

Investing Activities

Financial transactions and events related to the acquisition or disposal of long-term assets and investments included in a company’s cash flow statement.

Long-Term Assets

Long-term assets are assets that a company expects to use for more than one year, including property, plant, equipment, and intangible assets.