Business management

1. True or False: Diversification is when companies operate several businesses to spread their risk and/or enter new markets. 2. True or False: Focus-Differentiation Strategy is a strategy focuses on products or services that are of unique and superior value compared with those of competitors while targeting a narrow market. 3. True or False: Growth strategy, stability strategy and defensive strategy are three types of corporate strategies. 4. True or False: Conceptual decision makers are decision makers who rely on intuition and have a long-term perspective. 5. True or False: Generalizing from a small sample or a single event is called representative bias. 6. True or False: Group think is a cohesive group's blind unwillingness to consider alternatives. 7. True or False: Data analytics is the process of examining data sets in order to draw conclusions about the information they contain. 8. True or False: Observable artifacts, espoused values, and basic assumptions are three levels of organizational culture. 9. True or False: Culture powerfully shapes an organization's long-term success by enhancing its systems and influencing its important outcomes at various levels. 10. True or False: A simple struct has authority centralized in a single person, also known as a flat hierarchy