Question

1.To provide advantage to local companies over foreign companies you could

A.Impose quotas on foreign companies

B.Implement different types of Protectionism practices

C.Increase price of exports

D.Provide subsidies to local companies

2.The differences between Reflexive Decision Making and Reflective Decision Making can mean

A.The Reflexive style is like "shooting from the hip risking waste

B.Reflective Style takes plenty of time to make decisions.

C.All of these are true

D.Combining the pace of both can result on a Consistent Style.

3.You can accelerate the learning curve of your company's employees to stay ahead of the competition by conducting which combination of these:

A.Environmental Analysis and keeping yourself and others informed

B.Serving as good role model inspiring others and all of the other options too!

C.Situational Analysis and keep training to keep up with state-of-the art changes

D.SWOT Analysis, decision making tools and a strong and health culture

4.Creativity is not worthy unless you can

A.Any of these

B.Innovate

C.Implement

D.Change

5.What four management resources are you managing when hiring new personnel, pass a budget, sign a lease for a new building trough different e-mails and software platforms:

A.Money, equipment, IT and supplies

B.People, money, IT and equipment

C.HR, Fiscal, People and Physical

D.Human Resources, Financial Resources, Physical Resources, Informational Resources

Answer 1

1.The correct answer is option D. Provide subsidies to local companies. Subsidies allow local companies to produce products at low cost.

2. Option c. All of these are true since reflexive decision making is very fast while reflective takes some to consider all factors.

3.The correct answer is option C.Situational Analysis and keeps training to keep up with state-of-the-art changes since the employees need to be continuously aware of their external and internal environments and adjust to these changes.

4.Option C. Implement. Creativity has to be implemented for it to be effective.

5.Option D. Human Resources, Financial Resources, Physical Resources, Informational Resources.