In the BCG matrix, are businesses that have a very small share of a market that is
not expected to grow.
A. dogs
B. stars
C. cash cows
D. questions marks
~ A
___________________is the determination of alternative courses of action to be
taken if an intended plan of action is unexpectedly...
In the BCG matrix, are businesses that have a very small share of a market that is
not expected to grow.
A. dogs
B. stars
C. cash cows
D. questions marks
✓✓~ A
___________________is the determination of alternative courses of action to be
taken if an intended plan of action is unexpectedly disrupted or rendered
inappropriate.
A. Contingency planning
B. Crisis management
C. Goal setting
D. Forecast
,✓✓~ A
________________are developed for activities that recur regularly over a period of
time.
A. Standing plans
B. ontingency plans
C. Single-use plans
D. Multiple-use plans
✓✓~ A
When the decision maker knows with reasonable certainty what the alternatives are
and what conditions are associated with each alternative,
a________________exists.
A. state of certainty
B. state of risk
C. state of uncertainty
D. state of being risk-free
✓✓~ A
According to the classical decision model, which one of the following is NOT one of
the assumptions regarding the decision-making process?
, A. Decision makers have complete information about the decision situation and
possible alternatives
B. Decision makers can effectively eliminate uncertainty to achieve a decision
condition of certainty.
C. Decision makers evaluate all aspects of the decision situation logically and
rationally.
D. Decision makers can always forecast the risks involved in making the decision.
✓✓~ D
Which one is NOT one of the steps in the rational decision-making process?
A. Recognizing and defining the decision situation
B. Selecting the best alternative
C. Evaluating options in case of making a bad decision
D. Following up and evaluating the results
✓✓~ C
For years, executives at GM, Ford, and Chrysler compared their companies'
performance only to one another's and essentially ignored foreign imports. The
foreign "threat" was not acknowledged until the domestic auto market had been
changed forever. In this case, these executives were affected by:
A. bounded rationality
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
