Which kind of company has the lowest amount of environmental uncertainty in the environmental uncertainty matrix?
A) cell 1
B) cell 2
C) cell 3
D) cell 4
Answer: A
Explanation: Cell 1 identifies a company in an industry with little innovation and no new competitors that also has few components (customers, suppliers, etc.) in its environment. An example of this kind of company is the Zippo lighter company, which has a few simple products, few competitors, and few components to deal with in its industry.
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An individual investor is trying to decide between a bank C.D. and an insurance company annuity. They both pay the same interest rate on an equal principal amount invested over the same period of time. Which one will be worth the most total dollars at the end of that period of time?
A. The C.D. and the annuity will both be the same, even after considering the taxes paid over the years. B. The C.D. will be worth more because of the FDIC. C. The annuity will be worth more because of its tax deferred characteristics. D. The C.D. will be worth more because the insurer issuing the annuity will have paid commissions to the writing agent that must be deducted.
Rich and Knight (1991 ) defined artificial intelligence as "the study of how to make people do things at which, at the moment, computers are better."
Indicate whether the statement is true or false