Jamie Is a Manager in an Industry That Has a Few

question 49

Multiple Choice

Jamie is a manager in an industry that has a few large players and that has remained relatively stable over the past few years. He finds out that legislators are proposing new laws to deregulate the industry. If the laws pass, which of these scenarios will Jamie most likely face?

• A) many new competitors
• B) technological innovation
• C) the end of globalization
• D) across-the-board price increases

---

Definitions:

External Control

Occurs through direct supervision or administrative systems such as rules and procedures.

Quality Control

The operational techniques and activities used to fulfill requirements for quality in products or services, ensuring they meet certain standards of excellence.

Inventory Control

Inventory control is the supervision of supply, storage, and accessibility of items in order to ensure an adequate supply without excessive oversupply.

Management Process Control

The act of planning, monitoring, and adjusting resources and processes in an organization to achieve set goals efficiently.