6.    Core competency implies:

a. a firm produces one single product.

b. a firm hires only one type of employee.

c. a firm focuses on only one type of customer.

d. a firm does one thing better than it does other things.

e. a firm must be competent at its core ? its executive level.

7.    There is no free lunch means

a. each action has a cost.

b. each choice involves a free item.

c. each decision has elements of free goods in it.

d. if you get your lunch paid for by someone else, it is free, but if you have to pay, it is not free.

e. if you are invited to lunch by someone, you are not expected to pay for it.

8.   It can be said that the essence of good management is:

a. to determine when a free lunch is actually free.

b. to be sure there are not "too many chefs stirring the broth."

c. to ensure that the reputation of the firm remains high.

d. to ensure that the stock price remains high.

e. to determine whether the implementation of a practice increases the value that a firm adds.

Attachment:- 526955_1_Multiple-Choice-Take-home-Test-1-.docx