Decrease total inventory costs

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1. Terminal values? ___________.

A. shift depending on a? person's situation and station in life

B. represent end goals a person would like to achieve during his or her lifetime

C. are strongly influenced by an? organization's values

D. tend to change once an individual begins to question them

E. dictate how an individual would like to achieve his or her end goals

2. According to situation strength? theory, strong situations are likely to? ____________.

A. encourage creativity and initiative from employees

B. allow us to be freer to express our personalities

C. indicate clearly and consistently how we should behave

D. usually have relatively unimportant consequences

E. permit variation due to cultural differences

3. The process of planning changes and evolves over time, just like all aspects of effective management. Think of an organization with which you are fairly familiar, such as your employer or your college or university. Then choose one of the four planning approaches listed below, and explain how the organization could effectively use the chosen planning approach to improve its performance in a turbulent environment.

Decentralized planning

Stretch goals

Performance dashboards

Intelligence teams

4. Which of the following will always decrease total inventory costs?

a. Increasing order quantity

b. Increasing total units demanded

c. Decreasing order quantity

d. None of the above

Reference no: EM132212052

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