A Working Knowledge of Both Markets and Firms Is Important

question 11

Multiple Choice

A working knowledge of both markets and firms is important for managers to be effective because it

• A)helps them make appropriate strategic and operational decisions.
• B)helps them to exploit other executives.
• C)helps them train their subordinates better.
• D)helps them earn high bonuses.

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Definitions:

REM Sleep

A phase of sleep characterized by Rapid Eye Movement, during which the brain is highly active and dreams occur.

Nightmares

Distressing dreams that cause the sleeper to feel a range of uncomfortable emotions, such as fear or horror, upon waking.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep.

Increased Risk

A higher than normal possibility of experiencing a negative event or outcome.