No 7. The framing effect occurs when:

Select one:

a. The 2 answers are correct

b. our decisions are influenced by the way information is presented

c. The 2 answers are wrong

d. our decisions are influenced by the content of the information itself, not the way information is presented

2No 2. When organizations compete, then:

Select one:

a. Both of the answers are correct

b. Both of the answers are wrong

c. The customers will get the best prices and best quality.

d. The customers get the highest prices and lowest quality

3No 12. Diversification is a:

Select one:

a. All the answers are wrong

b. defensive strategy

c. growth strategy

d. status-quo strategy