In terms of information technology and social interaction, the "weak get strong" effect refers to
the fact that:
A) people who make an extreme first offer hardly ever receive that offer and must back down
four times as often
B) people who might not have much influence or status in a face-to-face setting have more
status in an electronic forum
C) people behave in a more aggressive fashion when interacting via information technology
D) making a strong initial offer, regardless of one's actual BATNA, is more strategic than
making a moderate first offer
B
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Machines A, B, C, and D have been in use for several years, while machine E is new. The following table provides data on the value of production of each job when performed on a specific machine
(a) Determine the set of assignments that maximizes production value. (b) What is the total production value of your assignments? (c) Which machine should be retired (i.e., gets no assignment)? Machine Job A B C D E 1 27 29 28 30 40 2 30 32 31 34 46 3 33 25 29 26 37 4 29 31 24 28 28
Profit maximization as the goal of the firm is not ideal because ________
A) profits are only accounting measures B) cash flows are more representative of financial strength C) profit maximization does not consider risk D) profits today are less desirable than profits earned in future years