Craig, the supervisor of a chemical plant, made the error of ordering more raw materials than required. When his manager asked him about this, he responded by saying that the production team misinformed him. In the context of decision-making traps, Craig has
A. overlooked precedent.
B. assumed only one choice is right.
C. responded inappropriately to failure.
D. promised too much.
Answer: C
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Property, plant, and equipment section of the balance sheet includes all of the following except
A) construction in progress. B) natural resources. C) intangible assets D) leasehold improvements.
Yolanda is not very motivated at her car sales job. She knows the probability is high that if she works hard, she will meet her weekly quota of selling five cars. If she meets her quota, her boss gives her a gift card for a free cup of coffee. Yolanda does not like coffee, thus she does not work very hard to meet her quota. According to this scenario, Yolanda is not motivated because there is a lack of ______.
A. expectancy B. instrumentality C. effort D. valence
Which of the following is NOT a characteristic of strategic purchases?
a. They exploit full purchasing power. b. They are high-value/scarce items. c. They emphasize long-term partnerships. d. They are critical to company performance.
Organizations pursuing a differentiation strategy often try to develop a competitive advantage based on product
A. intervention. B. integration. C. invitation. D. innovation. E. integrity.