The creative stages of decision making include all of the following except:

A) preparation
B) incubation
C) illumination
D) education

An efficient market is defined as one where all investments in that market are ____ investments.

A) Zero net present value
B) Positive net present value
C) Zero real rate of return
D) Zero risk premium
E) Positive real rate of return

Which of the following is true of the laissez-faire leadership style?

A) It uses interaction and collaboration with followers to direct work.
B) It helps leaders clearly define goals and outcomes.
C) It leads to lower interpersonal conflicts at work.
D) It causes role ambiguity for followers.

The Franklin Co. is analyzing a proposed project. The company expects to sell 3,500 units, give or take 15 percent. The expected variable cost per unit is $6 and the expected fixed costs are $15,500. Cost estimates are considered accurate within a plus or minus 5 percent range. The depreciation expense is $6,000. The sales price is estimated at $21 a unit, give or take 3 percent. The company bases their sensitivity analysis on the base case scenario What is the contribution margin under the base case scenario?

A) $14.55
B) $14.82
C) $15.00
D) $15.45
E) $15.63

A merger between Bank of America and Citibank would be a ____ merger.

A) horizontal
B) vertical
C) conglomerate
D) diversifying

If output increases,a firm will move along its short-run average total cost curve in the short run until it has time to adjust its fixed cost.

During the production era of the early twentieth century,the supply of goods exceeded consumer demand,so efficient manufacturing processes were required to maintain profitability.

After Alex was fired from his job, he went home and ripped up his small tomato patch.His reaction to stress was one of

A) problem solving.
B) projection.
C) reaction formation.
D) displacement.
E) rationalization.