BenchPrep, the Company Profiled in the Opening Feature for Chapter

question 50

Multiple Choice

BenchPrep, the company profiled in the opening feature for Chapter 2, sells an iPhone app to help students prepare for the GMAT and other exams. The original idea for the company stemmed from the founders' recognition that if people could use their iPhones to study for the GMAT:

• A) they wouldn't have to carry heavy study books around and they could maximize their study time by catching a few minutes of studying between meetings and on similar occasions
• B) they could study more questions and a computer within the app could keep track of their progress on practice exams
• C) they could save money by not having to buy multiple study guides and a small computer within the app could keep track of their progress on practice exams
• D) they wouldn't have to carry heavy study books around and they could interact online with other people preparing for the GMAT and similar exams
• E) they could maximize their study time by catching a few minutes of studying between meetings and on similar occasions and they could save money by not having to buy multiple study guides

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Definitions:

Competence

The ability of an individual or organization to perform a task or job effectively, often measured against a set of standards.

Referent Power

is a form of influence based on the admiration one has for an individual or group and the desire to emulate them.

Specialized Knowledge

Expertise or skill in a specific area or field, typically acquired through training or experience, that sets individuals apart in their professional capabilities.

Self-managed Teams

Groups of employees who are given the authority and responsibility to manage themselves and make decisions about their work without direct supervision.