【Questions】
31 Which type of goods has a cross-elasticity of demand of -1?
A.Homogenous goods
B.Perfect substitutes
C.Unrelated goods
D.Perfect complements
32 Hiroto recognises that as a chief executive officer a large part of his time is spent as the company figurehead at dinners,
conferences, etc.
Which of Mintzberg's managerial roles is being described by Hiroto?
A.Interpersonal
B.Informational
C.Decisional
33 In response to rumours about possible redundancies, the managing director at F Co called a meeting at which he
explained to the staff that a significant decline in sales meant that the company had to make job cuts in order to reduce its
operating costs. He explained that the exact numbers of job losses had not been finalised at this stage, nor when they would
take effect, but he said that he felt the number would be quite significant, and they would affect all the departments across
the company.
Which of the following aspects of ethical behaviour describe the managing director's statement at the meeting?
(1) Openness
(2) Accountability
(3) Respect
A.1 and 2 only
B.1, 2 and 3
C.1 and 3 only
D.2 and 3 only
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