At a Team Meeting, Larry Makes the Following Apology: "I

question 66

Multiple Choice

At a team meeting, Larry makes the following apology: "I was wrong in saying that Cathy missed her deadline. I'm sorry that I damaged her reputation. It was my fault for not checking my in-box before I came to the last meeting." What component of an apology has Larry failed to include?

• A) acknowledgment of a mistake
• B) acceptance of responsibility
• C) sincerity and timeliness
• D) an expression of regret
• E) a commitment not to repeat the offense

---

Definitions:

Cournot's Duopoly Game

A model of competition between two firms, where each firm chooses its output level assuming the output of the rival is fixed.

Stackelberg

Refers to a model of strategic interaction in oligopolistic markets where one leader firm moves first and the other firms follow.

Cournot

A model of duopoly in which two firms assume the output of the other, deciding their own production levels to maximize profit.

Sequential Game

A type of game theory model where players make decisions one after another, with each player's decision possibly affecting future decisions by themselves or others.