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47) A scientist works for a major pharmaceutical company. After getting in a fight with management, the scientist quits and goes to work for a competitor. The competitor is pleased because the scientist took the data from the research he was conducting with him and is able to share this with the competitor. If the scientist shares this data, what is he doing? (A) Engaging in a conflict of interest (B) Revealing a trade secret (C) Competing fairly on the open market (D) Violating employee privacy

48) Patagonia is an organization which manufactures products for outdoor enthusiasts. Patagonia is involved in environmental causes and contributes 1 % of its earnings to the planet. Which of the following do you think characterizes Patagonia5s perspective on the purpose of business? (A) Business exists to create products to sell to customers (B) Business exists to make a profit and benefit shareholders (C) Business exists to provide jobs for employees (D) Business exists in order to serve the needs of multiple stakeholders

49) John signed a two year contract with AT&T to get a reduced price on his new iphone. He has had AT&T service for only 6 months and has been dissatisfied with AT&T service so he would like to switch to Verizon. However, cancelling his AT&T contract will cost him $250. Which of the following characteristics of a powerful supplier group does AT&T have with respect to their contract with John? (A) The supplier industry is more concentration than the industry it sells to (B) Industry participants face switching costs in changing suppliers (C) Suppliers offer differentiated products (D) No substitutes exist for what the supplier group provides

50) An IT firm I earns that skilled programmers are available in India for wages far below what is typically paid in the US. The firm decides it is a good idea to outsource its programming to India. Which of the following describes the reason this IT firm pursued international diversification? (A) To enter new markets (B) To take advantage of economies of scale (C) To take advantage of local factors (D) None of the above

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