Utilitarianism has been called a virtue-based approach to ethics and social policy.

Answer the following statement true (T) or false (F)


False

Utilitarianism has been called a consequentialist approach to ethics and social policy. It would consider a decision that promotes the greatest amount of these values for the greatest number of people as the most reasonable decision.

Business

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Retaining current customers is more expensive than gaining new customers

Indicate whether the statement is true or false

Business

Traxx is a newly emerging shoe manufacturing company. After extensive market research, Traxx divides its market into professional athletes, "hobbyists" or amateur players, and people who wear shoes as part of their casual attire. Each category has its own needs, traits, and marketing goals. In this scenario, Traxx has engaged in market ________.

A) development B) positioning C) diversification D) segmentation E) penetration

Business

KelbitronValerie is a plant manager at Kelbitron, a company which manufactures and sells air conditioning and heating equipment in the United States and Canada. She measures the performance of the workers every month and compares it with established standards. She uses different approaches to measure the performance of different units in the plant, based on the type of employees and the nature of work. The plant has 32 functional units. Each unit is named Unit-1 to Unit-32 based on their order in the assembly line.Valerie chooses oral reports instead of statistical reports when collecting information for measuring the performance of Unit-27. Unit-27 monitors the flow of the assembly line. Which of the following, if true, would most weaken the decision to choose oral reports?

A. Non-verbal feedback from employees is considered crucial to performance evaluation as it is a better indicator of truth. B. Studies have shown that managers who use filtered information for making decisions tend to make poor decisions. C. Subjective factors are important when measuring the performance of employees who perform routine tasks such as working in an assembly line. D. Extensive information is needed to measure the performance of the unit as it is difficult to quantify the performance.

Business

Research shows that problem-solving groups with high trust will ______.

A. exchange relevant ideas and feelings less often B. develop greater clarification of goals and problems C. search less extensively for alternative courses of action D. have less influence on solutions

Business