Upon Acquiring a New Computer Operating System,management at Berryhill Worried

question 77

Multiple Choice

Upon acquiring a new computer operating system,management at Berryhill worried that computer virus might cripple the company's operation.Despite the concern,management did not think that the risk was high enough to justify the purchase of an anti-virus software.Berryhill chose to ________ the risk of being crippled by computer virus.

• A)reduce
• B)share
• C)avoid
• D)accept

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Definitions:

Cartel Arrangement

An agreement between competing firms or countries to control prices, limit supply, or restrain competition in a particular market.

Manufacturing Plant

A facility used for the industrial production of goods, including assembly lines and machinery for manufacturing products.

Stackelberg Leader

A firm in a duopoly that moves first to set its output level, thereby determining the market's price and influencing the subsequent behavior of a follower firm.

Cournot Oligopolist

A firm competing in a market where a few firms control the majority of the market share and where each firm takes into account its rivals' production quantities when determining its own quantity.