Reference no: EM132223176
1. The process of __________, or identifying problems and opportunities and then resolving them, involves effort both before and after choosing a course of action.
A. risk taking
B. decision making
C. facing uncertainty
D. diagnosis
2. You are a senior manager, and you are mentoring a new manager. You want to emphasize to the new manager that being effective in his job will depend on sound decision making. What reasons will you give? Choose all that apply.
A. Decision making determines how the organization solves problems.
B. Decisions determine whether the organization allocates resources effectively.
C. Ultimately, whether the organization meets its goals depends on a series of many decisions.
D. Managerial decisions are made in isolation from one another, so every decision must be correct.
3. Which of the following is not an example of a white-collar crime?
Embezzlement.
Check fraud.
Theft.
Money laundering.
4. The result when each stage in the supply chain makes its own separate forecast is often a match between supply and demand because these forecasts are often very different. T/F why?