Management

Management, 14e (Robbins/Coulter) Chapter 2 Making Decisions 1) A problem can best be described as ________. A) a change from the past B) something bad that has happened C) a difference between current conditions and some desired state D) a loss of something of value Answer: C Diff: 3 AACSB: Reflective thinking Learning Obj: LO 2.1: Describe the eight steps in the decision-making process Classification: Concept 2) Which of the following statements is true concer...

Cost Management: A Strategic Emphasis, 8e (Blocher) Chapter 2 Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map 1) In SWOT analysis, strengths and weaknesses are most easily identified by looking: A) At the firm as a potential customer. B) Inside the firm at its specific resources. C) At the firm's competition. D) At the firm's product. E) Outside the firm from a consultant's perspective. Answer: B Difficulty: 1 Easy Topic: Strengths-Weakne...

Multiple choice 1) An optimal search for alternatives should last: a. As long as needed to find the best solution. b. As long as needed to find the first good enough solution. c. As long as the cost of the search does not outweigh the value of the added information. d. As long as the cost of the search is within the appropriate limits set by the decision maker. Ans: c Response: p. 2-3 2) Rating alternatives on each of the decision criteria is considered the most difficult stage of t...