Question: Question 1: Regarding the following two statements about the effects of group decision marking: I. Information effect: the revised (informed) judgment is always better than

Question 1: Regarding the following two statements about the effects of group decision marking: I. Information effect: the revised (informed) judgment is always better than the original (uninformed) judgment; II. Group effect: a deliberate group judgment is always better than a simple averaging of individual judgments. Which of the following statements is correct? a) Neither I nor II are correct b) Both I and II are correct c) Only I is correct d) Only II is correct

Question 2: Which of the following strategy is NOT helpful to counteract strategic consumer behavior?

a) Internal price matching b) Preorder contingent production c) Time-based differentiation d) Quick response

Question 3: comparing Linear Programming and Mixed Integer Programming, which of the following statements is true? a) None of these answers b) We can always solve the Mixed Integer Programming by relaxing the integer constraint and searching the vicinity/neighborhood of the fractional solution from Linear Programming c) Both Linear Programming problems and Mixed Integer Programming problems can be solved in a reasonable time d) We can always find the optimal solution for both the Linear Programming and the Mixed Integer Programming

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