Multiple Choice
When Ford Canada limits its search for new suppliers to an existing set of alternatives known to the purchasing manager,they are using which decision-making strategy?
A) Bounded rationality
B) Satisficing
C) Incomplete information
D) Uncertainty
E) Groupthink
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Differentiate between programmed and nonprogrammed decisions and
Q19: The tendency of decision makers to overestimate
Q20: Routine,virtually automatic decision making that follows established
Q22: Which of the following is NOT one
Q24: Canadian companies who locate in the Third
Q25: Bounded rationality refers to the inability of
Q26: A company that takes a defensive approach
Q27: While ethical beliefs lead to the development
Q28: When a manager performs a cost benefit
Q88: Decision making in response to opportunities occurs