Question 31

When under pressure, whether due to time, cost, or availability of information, managers often made ______ decisions.

maximizing

minimizing

rationalizing

satisficing

Question 32

Who tends to make more decisions under conditions of uncertainty?

first-line managers

employees

top managers

middle managers

Question 33

Bennett has been so successful at his Fortune 500 company that he decides to start his own business. What does Bennett need to do first for his strategic planning process?

Set objectives for what he hopes to accomplish in his company.

Develop strategies to compete in the global marketplace.

Analyze the environment to identify his competition.

Develop his mission statement clearly identifying his companys purpose.

Question 34

The steps of the time management system, in order, are ______.

schedule each week, plan each week, schedule each day

plan each week, schedule each week, schedule each day

schedule each week, plan each week, plan each day

plan each week, schedule each week, plan each day

Question 35

Which functional department would focus their strategy on the four Ps: product, promotion, place, and price?

		finance
		human resources
		marketing
		operations