Introduce new model to the product line

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Reference no: EM133678806

Questions

1. The standard procedure to be followed by the human resources department of a company when initiating disciplinary action against an employee is an example of a standing plan.

True

False

2. Effectiveness refers to getting the most output from the least amount of input.

True

False

3. Risk is the condition in which a decision maker is able to estimate the likelihood of certain outcomes.

True

False

4. Belinda wants to introduce a new model to the product line. Three models are being developed. Belinda can choose only one. She has decided to focus on target market size, production costs, and net profits. These are Belinda's ________.

a. alternatives

b. decision criteria

c. criterion weights

d. problems

5. More than a hundred years ago, Henri Fayol proposed that managers performed five functions. They were ________.

a. planning, organizing, directing, coordinating, and controlling

b. planning, organizing, commanding, coordinating, and controlling

c. planning, organizing, directing, evaluating, and controlling

d. organizing, directing, coordinating, evaluating, and controlling

Reference no: EM133678806

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