According to the book, individuals and families have unique ...

[deesands]

According to the book, individuals and families have unique management styles or characteristic ways of making decisions and acting, which of the following is not one of the main factors influencing management styles:
 
  a. History
  b. Biology
  c. Culture
  d. Politics

Question 2

Following their profit maximizing motivation, firms will differentiate their products in a way that maximizes welfare.
 
  Indicate whether the statement is true or false

[SeanoH09]

Answer to Question 1

D, pages 15

Answer to Question 2

F Firms will focus on differentiation that favors them relative to competitors, perhaps to take business from a competitor, for example, that adds little or no consumer surplus.