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Lesson 1: Economic Foundation of Business Strategy; Basics of Supply and Demand
Lesson 1 Quiz
GenAI Use Is Limited
GenAI Use Guidance
You may responsibly use GenAI within the following guidelines:
- Brainstorm: You may use GenAI to brainstorm and generate ideas
Ethical GenAI Use
You should only use GenAI ethically, which includes using a safe, secure, humane, transparent, and environmentally friendly approach to GenAI.
Citing GenAI
You must provide attribution for any GenAI-generated material that you quote, paraphrase, or incorporate into your own work. Please refer to these Generative AI Citation Guidelines and Penn State's Generative AI Library Guide for further guidance.
Important note: You should take your quizzes and exams in Chrome or Firefox, which are also recommended by Canvas. Several students informed the course instructor that they could not see the figures in the questions when taking the quizzes or exams in Safari. Canvas does not work consistently well with Safari.
Aim: Test your understanding of definitions and calculations related to Lesson 1.
Time: After you open the quiz, you will need to complete it within 60 minutes. You cannot stop the timer after you've started.
The quizzes are designed in a way that you are expected to study before you take the quiz, not during the quiz. Please study thoroughly all lesson materials before you take the quiz.
Number of questions: 10
Grading: Each question is 10 points; 100 points in total.
Style of questions: True-or-false questions