Managerial decision making involves a four-step process that begins with generating alternatives and ends with selecting an alternative.
Indicate whether the statement is true or false
Question 2 - What type of skills lead to supervisors having the ability to say no and manage an ever-changing schedule?
Question 3 - ____ is the process of developing and promoting the differences between one's products and other similar products.
A) Advertising
B) Monopolistic competition
C) Product differentiation
D) Branding
E) Goods distinction
Question 4 - Sheet steel to be used in making automobile fenders is an example of
A) raw materials.
B) supplies.
C) component parts.
D) accessory equipment.
E) process materials.
Question 5 - Decision making involves identifying the problem or opportunity, generating alternatives, selecting an alternative, and implementing and evaluating the solution.
Indicate whether the statement is true or false
Question 6 - Office manager, administrative manager, branch manager, and department supervisor are typical job titles for this position.
Question 7 - A price at which the demanded quantity is equal to the produced quantity of that product is called the ____ price.
A) market
B) customer
C) equality
D) demand
E) supply
Question 8 - ____ become(s) a part of the physical product and consist(s) of either finished items ready for assembly or products that need little processing before assembly.
A) Process materials
B) Supplies
C) Accessory equipment
D) Component parts
E) Major equipment
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