Which of the Following Is Not One of the Five

question 65

Multiple Choice

Which of the following is not one of the five typical sources of competitive pressures?

• A) the power and influence of industry driving forces
• B) the bargaining power of suppliers and seller-supplier collaboration
• C) the threat of new entrants into the market
• D) the attempts of companies in other industries to win customers over to their own substitute products
• E) the market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry

Assess the economic consequences of strategic managerial decisions on firm profitability, employee behavior, and market perceptions.

Calculate expected outcomes and make recommendations based on economic models involving risks and uncertainties in business operations.

Evaluate the role of effort and its costing in employee performance and its effect on firm revenues.

Understand and apply the concept of moral hazard and adverse selection in business environments.

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Definitions:

Preconventional Morality

A stage in Kohlberg's theory of moral development, where behavior is guided by consequences and external rewards.

Impulse Control

The ability to resist or delay an urge to perform an act that could be harmful to oneself or others.

Prefrontal Cortex

The anterior part of the frontal lobes of the brain, involved in complex cognitive behavior, decision making, and moderating social behavior.

Myelination

The process by which axons are coated with a fatty sheath called myelin, increasing the speed at which electrical impulses are conducted.