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    A manager performs a financial analysis of each alternative

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    A manager performs a financial analysis of each alternative in order to determine which alternative is most likely to impact the organization's profitability. This manager is focusing on which criterion for decision-making?
    Answer

    Practicality

    Ethicalness

    Economic feasibility

    Dialectical inquiry

    Legality

    Question 2

    According to the administrative model of decision making, if managers cannot possibly specify all of the possible alternatives to a decision, this is the result of:
    Answer

    incomplete information.

    bounded rationality.

    an optimum decision.

    brainstorming.

    Question 3

    PepsiCo purchased KFC so that it could replace Coke products with Pepsi products in KFC restaurants. This was an example of:
    Answer

    horizontal integration.

    vertical integration.

    a low-cost strategy.

    a global strategy.

    a diversification strategy.

    Question 4

    The explosion of the space shuttle Challenger is an example of poor managerial decision-making wherein managers neglected the criterion of __________.
    Answer

    ethicalness

    practicality

    legality

    economic feasibility

    devil's advocacy

    Question 5

    GE Financial Services is an example of which level of management operations for General Electric Company?
    Answer

    Functional

    Corporate

    Divisional

    Departmental

    Question 6

    When managers cannot assign probabilities of future occurrence to possible alternatives to a decision, this is known as __________.
    Answer

    certainty

    risk

    bounded rationality

    uncertainty

    dialectical inquiry

    Question 7

    An organization creates a list of possible future forecasts of business situations and creates a plan to respond to each of these forecasts. This is known as __________ planning.
    Answer

    synergy

    ad hoc

    divisional-level

    scenario

    functional

    Question 8

    In the Five Forces Model, the type of competitive activity that exists between organizations is known as the:
    Answer

    potential for entry into the industry.

    threat of substitute products.

    power of customers.

    level of rivalry.

    power of suppliers.

    Question 9

    When an organization updates its five-year plan annually in order to take into account changing conditions within the organization and in the organization's external environment, this is known as which type of plan?
    Answer

    Inflexible

    Functional

    Rolling

    Scenario

    SWOT

    Question 10

    When a manager makes a decision based on a generalization from a very small sample of information, this is known as:
    Answer

    dialectical inquiry.

    systematic errors.

    devil's advocacy.

    representative bias.

    the illusion of control.

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    Solution Preview

    A manager performs a financial analysis of each alternative in order to determine which alternative is most likely to impact the organization's profitability. This manager is focusing on which criterion for decision-making?
    Answer

    Economic feasibility

    Question 2

    According to the administrative model of decision making, if managers cannot possibly specify all of the possible alternatives to a decision, this is the result of:
    Answer

    bounded rationality.

    Question 3

    PepsiCo purchased KFC so that it could replace Coke ...

    Solution Summary

    A manager performs a financial analysis of each alternative in order to determine which alternative is most likely to impact the organization's profitability. This manager is focusing on which criterion for decision-making?
    Answer

    Practicality

    Ethicalness

    Economic feasibility

    Dialectical inquiry

    Legality

    Question 2

    According to the administrative model of decision making, if managers cannot possibly specify all of the possible alternatives to a decision, this is the result of:
    Answer

    incomplete information.

    bounded rationality.

    an optimum decision.

    brainstorming.

    Question 3

    PepsiCo purchased KFC so that it could replace Coke products with Pepsi products in KFC restaurants. This was an example of:
    Answer

    horizontal integration.

    vertical integration.

    a low-cost strategy.

    a global strategy.

    a diversification strategy.

    Question 4

    The explosion of the space shuttle Challenger is an example of poor managerial decision-making wherein managers neglected the criterion of __________.
    Answer

    ethicalness

    practicality

    legality

    economic feasibility

    devil's advocacy

    Question 5

    GE Financial Services is an example of which level of management operations for General Electric Company?
    Answer

    Functional

    Corporate

    Divisional

    Departmental

    Question 6

    When managers cannot assign probabilities of future occurrence to possible alternatives to a decision, this is known as __________.
    Answer

    certainty

    risk

    bounded rationality

    uncertainty

    dialectical inquiry

    Question 7

    An organization creates a list of possible future forecasts of business situations and creates a plan to respond to each of these forecasts. This is known as __________ planning.
    Answer

    synergy

    ad hoc

    divisional-level

    scenario

    functional

    Question 8

    In the Five Forces Model, the type of competitive activity that exists between organizations is known as the:
    Answer

    potential for entry into the industry.

    threat of substitute products.

    power of customers.

    level of rivalry.

    power of suppliers.

    Question 9

    When an organization updates its five-year plan annually in order to take into account changing conditions within the organization and in the organization's external environment, this is known as which type of plan?
    Answer

    Inflexible

    Functional

    Rolling

    Scenario

    SWOT

    Question 10

    When a manager makes a decision based on a generalization from a very small sample of information, this is known as:
    Answer

    dialectical inquiry.

    systematic errors.

    devil's advocacy.

    representative bias.

    the illusion of control.

    $2.19