Since the late 1980s, there has been a strong move away from a more free market economic model and toward a more centrally planned and mixed economies.
a. true
b. false
Answer: b. false
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Which of the following would NOT generally be a motive for a firm to hold inventories?
A) to decouple various parts of the production process B) to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand C) to take advantage of quantity discounts D) to minimize holding costs E) to hedge against inflation
With regard to motivational orientation, the negotiator whose goals are individualistic in nature:
A) seeks to minimize the difference between the negotiating parties' outcomes B) prefers to maximize the difference between their own profits and those of the other party C) prefers to maximize his or her own gain and is indifferent to how much the other person is getting from the agreement D) is aggressive and egotistical during the negotiation