You Want to Open a Bank, So You Know You

question 9

Multiple Choice

You want to open a bank, so you know you have to offer online banking at a minimum. This is an example of the __________ in Porter's competitive forces model.

• A) Bargaining power of customers
• B) Bargaining power of suppliers
• C) Rivalry among existing firms in the industry
• D) Threat of entry of new competitors
• E) Threat of substitute products or services

Recognize the concepts of conservation and classification as achievements in cognitive development.

Distinguish between different types of reasoning (intuitive, logical, abstract) across Piagetian stages.

Explain the significance of symbolic thought and its role in cognitive development.

Understand the concept of animism and how it illustrates the cognitive perspective of young children.

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Definitions:

Reciprocity

A social norm where a positive action leads to another positive action, fostering mutual exchange and cooperation among individuals.

Conscientious Employees

Employees who are diligent, responsible, and reliable in their work, often exceeding job expectations.

Constructive Resistance

Opposition or push-back that is intended to bring about positive change or improvement.

Dysfunctional Resistance

Counterproductive opposition to change or new ideas, which can harm an organization or group's progress.