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1)Which of the following is an example of physical capital? O the knowledge an auto mechanic has obtained O discovering a cheaper production method

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1)Which of the following is an example of physical capital? O the knowledge an auto mechanic has obtained O discovering a cheaper production method. O stocks and bonds issued by a corporation O machinery in a bottling factory Question 5
Question 5 1 5. What can government policy do to raise productivity and living standards? protect property rights and promote political stability. o pursue outward-oriented policies in regards to trade. o all of them are policies that increase productivity and increase living standards. encourage saving and investment. Question 6 1 pt
Question 7 1 pts 7. Suppose that all economies have the same ratio of investment to GDP. The conventional view pf production processes is that capital is characterized by O increasing returns, so that real GDP in rich countries would grow faster than in poor countries. diminishing returns, so that real GDP in rich countries would grow slower than in poor countries. O increasing returns, so that real GDP in rich countries would grow slower than in poor countries. diminishing returns, so that real GDP in rich countries would grow faster than in poor countries. 1 pts Question 8
Question 9 9. Investment from abroad reduces a country's productivity but increases its wages. increases both a country's productivity and wages. O reduces both a country's productivity and its wages. O increases a country's productivity but reduces its wages. Question 10

2)Why is it important to learn how to conduct valid historical research for business?

3)GBBA was a very creative advertising firm, but it was in trouble. The business had been very profitable in the past, but recently competition from other advertising agencies had reduced business and profits. The founder, Gibson Bart Bangle, hired John Wrench to turn the business around. John was well known as a “tough” manager. At the first meeting with his senior managers, John began the meeting by shouting, “You are all idiots. You have driven a perfectly good business into the ground. Now I’m going to turn it around.” John was quick to set out new routines and rules and was very decisive. He expected his orders to be obeyed immediately. He fired two senior managers who did not respond quickly enough to please him. Two other managers left the business soon after. John hired new people to replace them after interviewing them for several hours. John had clear ideas on how to turn things around, and his methods did increase profits considerably. Everyone was working much harder and longer. No one dared grumble for fear of what John might say. What leadership style was John applying? Why would you say that? 2 Marks How would you compare John’s leadership style with other leadership styles you may have known? 5 Marks How would you feel if you were one of the employees working for John? 1 Mark What advice you will have for John? Do you think he has adapted the right style of leadership? Why? And why not?