QUESTION 5 1. A market in which there are a large number of firms that differentiate their products is called: perfect competition oligopolistic competition monopolistic competition an oligopoly an imperfect monopoly 2.5 points QUESTION 6 1. The CEO of Whole Foods Markets is john Mackey. it has a set of quirky management rules that makes Whole Foods an odd but effective workplace. Every store is divided into about eight functional teams: An employee is hired provisionally to a store team. After four weeks of work, the team votes whether to hire him or her, a two-thirds yes vote is necessary to join the staff permanently. Which leadership style appears to be used by Whole Foods? A. Autocratic B. Multi-dimensional C. Reactive D. Democratic (participative) E. Defensive 2.5 points QUESTION 7 1. Singapore has granted a( n ) on the importation of beer and stout made in the Philippines. This means that beer and stout made in the Philippines can sell for less in Singapore than beer and stout made by New Zealand or the United States. differential duty biased tariff nontariff preferential tariff customary duty UESTION 8 2.5 points 1. The Small Business Administration (SBA): A. helps people start and manage small businesses B. is a privately-owned company