A World Trade Organization (WTO) member country must offer to all other member countries:

A) common market guarantees.
B) the same trade concessions.
C) the same basket of commodities.
D) import substitutions.
E) the same resources with equal efficiency.

The _____ prohibited commercial banks from being in the insurance and investment banking business.

A) Celler-Kefauver Act
B) Sarbanes-Oxley Act
C) Gramm-Leach-Bliley Act
D) Glass-Steagall Act
E) Dodd-Frank Act

Ask ________ to solicit opinions,insights,and information; ask ________ to elicit yes or no answers.

A) indirect questions; direct questions
B) closed questions; open-ended questions
C) open-ended questions; closed questions
D) reflective questions; descriptive questions
E) indirect questions; open-ended questions

The ideal, but seldom achieved, condition for managerial problem solving is characterised by:

A) low risk, because managers seek a little stimulation.
B) certainty, because the manager simply has to locate the alternative offering the best solution.
C) high risk, because that is when high profits are possible.
D) uncertainty, because that offers the greatest chance for creativity.
E) normality, because that is the condition under which all the business principles work.

Supply chain network design decisions classified as facility location are concerned with

A) what processes are performed at each facility.
B) where facilities should be located.
C) how much capacity should be allocated to each facility.
D) what markets each facility should serve and which supply sources should feed each facility.

Workers' compensation systems have failed to eliminate which of the following employer defenses?

A) Injuries resulting from employee horseplay
B) Implied assumption of risk by the employee
C) Injuries resulting from the negligence of the employee
D) Injuries resulting from the negligence of a coemployee