The presence of inordinate optimism that predisposes members to take excessive risks is a symptom of ______.
A. teamwork
B. leadership
C. groupthink
D. all of these are correct
C. groupthink
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One of the major problems in using ______ as the primary criterion in selection is that we end up not getting the best person for a particular job.
A. person-organization fit B. ability-job fit C. cultural fit D. personality-job fit
________ is seen when an independent choice is made by one party not to deal with another party
A) Nonprice vertical restraint B) Monopoly to deal C) Unilateral refusal to deal D) Conscious parallelism
When a firm’s inventory falls to a predetermined level, a new order is placed to replenish inventory. This predetermined level is known as the ______.
A. reorder point B. replenishment point C. stock-out point D. safety stock point
At what stage of the product life cycle is price usually the highest?
A. maturity B. growth C. introduction D. decline