Explain generic political and economic changes as triggers to initiate implementation of a contingency plan
What will be an ideal response?
Political Changes-New laws can cause dramatic effects on organizations. They can benefit the organization (such as
solar energy credits helping solar energy companies), or hurt it (such as luxury taxes targeting high-priced
automobiles).
Economic Changes-The economic climate can affect the success of a new product or service. Marketing in a time of
prosperity is often easier than marketing in recessionary periods.
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A shopper who sees an item in a store, becomes intrigued, asks for information, and then makes a purchase is following the sequence of the hierarchy of effects model
Indicate whether the statement is true or false
Tim usually exhibits an 80% learning rate for the mechanical tasks he undertakes. His next big project, the fence along the street, will require 35 iterations of the fencepost task
If he has 80 hours available to work on the project, how fast must he perform the first iteration in order to finish all 35 within his allotted time? Refer to the copy of Table I.1 appended to this exam.