Which of the following about game theory is true? a. In a one-shot game, a collusive strategy always represents a Nash equilibrium. b. A subgame perfect equilibrium occurs when each player is doing the best he can regardless of what the other player is doing. c. Each Nash equilibrium is a subgame perfect equilibrium. d. Every subgame perfect equilibrium is a Nash equilibrium. e. none of the above

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.

Ray gives his son, mason, three bowls. these bowls have the same capacity, but each one differs slightly in its shape and size. ray tells his son that one of the bowls can hold more liters of oil than the other two bowls. mason points out that all the bowls, though may appear different in size and shape, can store the same volume of oil. in this case, ray was most likely testing mason's concept of