Question 16 (1 point) Saved Inventory Management Strategies to Improve Eficiency are: Use ERP (Enterprise Resource Planning) software designed for inventory management Automate your inventory management system Use data analytics to optimize inventory management All the above Question 17 (1 point) Saved Examples of Cognitive Bias and Errors in Decision Making include: Confirmation Bias Fundamental Attribution Error Prior Hypothesis Bias All the above Question 18 (1 point) Which of the following are the decision making styles: Directive 6 Analytical, Directive. Behavioural and Conceptual Behavioural Conceptual 2 Question 19 (1 point) Ethics include: 5 Guide individuals in their dealings with others . Provide a basis for deciding if behaviours are right/proper Help determine moral responses to situations in which the best course of action is unclear the above Organization's code of ethics derives from the following main source(s): Societal, professional and individual Societal only Professional only None of the above Question 21 (1 point) The values and standards that group of managers and workers use to decide how to behave appropriately: Individual ethics Societal ethics Professional ethics None of the above Question 22 (1 point) Managers who choose not to behave in a socially responsible way are called: Obstructionist Destructive Accommodative Productive Question 23 (1 point) Proactive approach refers to: behave in a socially responsible way. minimal commitment to ethical behavior acknowledgement of the need to support social responsibility actively embrace acting socially responsible Sustainability strategy contains elements such as: Promotes social responsibility Respects cultural differences Provides an economic benefit All the above Question 25 (1 point) Individuals more likely to be creative when they are given opportunity to: Generate new ideas Experiment and take risks Make mistakes and learn from them All the above Question 26 (1 point) Saved Programmed decisions are routine decisions that are made so often that managers have developed decision rules to be followed automatically True False Question 27 (1 point) The classical model of decision making assumes that decision makers have complete information, are able to process that information in an objective, rational manner, and make optimum decisions True False Question 28 (1 point) Saved. Person's ability to make sound decisions based on past experience and immediate feelings about information at hand is called Judgement method. True False Question 29 (1 point) When making decisions, managers should take these seven steps: recognize the need for a decision, develop decision criteria, generate alternatives, assess alternatives, choose among alternatives, implement the chosen alternative, and evaluate and learn from feedback True False Question 30 (1 point) Planning is a single step activity which is limited to developing the mission and mission statement of the organization True False
