Scenario: elly owns a small coffee shop. she has only one employee. one weekend, she decides to take a break from work. she is wondering whether she should trust her employee to run the shop in her absence. if she does not trust him, she would have to keep the shop closed, in which case neither she nor her employee will be able to make money. in contrast, if she trusts him, he can either cooperate and run the shop or he can defect and steal from the shop. if he cooperates, both of them will earn money. if he steals from the shop, he will make more money while she will lose. refer to the scenario above. elly should use to make her decision. a. backward induction b. mixed strategies c. her dominant strategy d. forward induction

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.

2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.