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NEW QUESTION: 1
Daniel Tipton and Jesse Torrez are first-year MBA students at the Haas School of Business. Torrez has an economics background, but Tipton's background is in music. To help Tipton study one of the main tenets of competition theory, Torrez creates the following question and asks Tipton to identify the statement that is most inconsistent with Porter's five forces. Which statement should Tipton select?
A. Porter's five forces are: rivalry among current competitors, economies of scale, threat of substitutes, bargaining power of suppliers, and bargaining power of buyers.
B. To sustain above average returns on invested capital, firms should strive for economies of scale.
C. Rivalry increases when firms of equal size compete within an industry.
D. Supplier power is higher when there are only a few suppliers to an industry.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Porter's five forces are: rivalry among current competitors, threat of new entrants, threat of substitutes, bargaining power of suppliers, and bargaining power of buyers. Economies of scale are a way to lessen the threat of new entrants, but are not the only way to discourage competition. Companies can also have barriers to entry such as regulation or high start up capital. The other choices are true.

NEW QUESTION: 2
What happens when you drop a dimension into a blank part of a report that contains two blocks, without the ALT key selected?
A. A new section is created.
B. The currently selected cell is displayed.
C. An error message is displayed.
D. A new block is created.
Answer: A

NEW QUESTION: 3
What is the probability of an at-the-money option being exercised?
A. Less than 50% probability
B. Zero probability
C. More than 50% probability
D. 50% probability
Answer: D