Josh has operated a sandwich shop for more than 15 years in a beach town. He works every day of the week, and rarely takes a vacation, even when business is slow during the winter months. Two years ago, a well-known restaurant chain opened around the corner from his sandwich shop, and since then, he has experienced a decrease in sales. Unlike the new restaurant, Josh does not offer mobile ordering and nor does he advertise on social media; he only relies on foot traffic into his shop. He is reluctant to admit that his operational approach is no longer working. This scenario represents:

Nasser owns a real estate company and needs to hire a new administrative assistant. The following would be considered must criteria, EXCEPT:

Considering the relationship between creativity and innovation, the “thinking outside the box” phenomenon refers to:

If Nina is controlling the decision and the implementation is not going as planned, she should backtrack to prior steps to take corrective action.

When a manager is deciding under conditions of _______, they lack information or knowledge that makes the outcome of each alternative unpredictable.

Scenario Two triglycerides. (a) The top, a fat, has three straight chains. (b) The bottom, an oil, has three wavy chains. Question Fill in the two blanks below with the appropriate structural differences between the two triglycerides. “Based on the figure, the top triglyceride (fat) (a) contains ________, while the bottom triglyceride (oil) (b) contains ________”

Once you have read through each section, please put your initials in the answer box. Permitted Materials and Resources ____Closed Notes Exam: Proctored exams are a closed notes. You are not permitted to use any notes, textbooks, websites, or any other external sources, including help from another person, during the exam. You must complete all work independently. ____Scratch Paper: The scratch paper provided to you must be blank at the start of the exam. You MUST show both sides of your scratch paper to the camera before beginning your exam. You may use this paper for any calculations or work during the exam, but it must remain blank until the exam begins. Keep your scratch paper safe; if requested, you may need to email a copy of your scratch work to your instructor. Do not write on any other materials or surfaces, such as your computer or walls, during the exam. ____Electronic Devices: The use of any electronic devices, such as cell phones, tablets, laptops, smartwatches, or a second monitor, is strictly prohibited during the exam. These devices must be turned off and placed out of sight during the exam. Cell phones must be turned off, not just silenced, and placed away from your workspace. Initial in the box below.

Fast-food restaurants like McDonald’s, Subway, and Starbucks have locations in countries worldwide. The restaurant chains customize their menus depending on location, sometimes even depending on where they are within the United States. For example, in China, McDonald’s sells boba tea and spicy wings. This is an example of multinational corporations engaging in global sourcing.

In comparison to multinational corporations, small international companies tend to have much larger marketing budgets to promote their products globally.

The highest cost/highest risk form of global business is: