Question

In: Operations Management

13.............................describes when decision makers try to create meaning out of random events(1 Point) Confirmation bias randomness...

13.............................describes when decision makers try to create meaning out of random events(1 Point)

Confirmation bias

randomness bias

sunk costs error

framing bias

14.Which of the following is not a function of tactical plan?(1 Point)

short term

directional

long term

single use

15.Which company is an example for Multidomestic Corporation?(1 Point)

Facebook

Amazon

Microsoft

Vodafone

16.Which is not a type of layoff?(1 Point)

promotion

transfer

job sharing

firing

Expert Solution

13) option b) randomness bias

It is the tendency to see patterns in random data, which can affect the decision making due to such impairment. There are cases where events happen coincidentally and have nothing to do with any pattern. These random biases can cause great impact on the output of the decisions made, thus statistical tools must be used to analyze data more precisely.

14) option c) long term

Tactical plans are derived from the organization's strategic plan. These plans are executed by lower managment and very much concerned with what is happening right now. It is more of an execution of the strategic plans on day to day basis.

15) option b) Amazon

Amazon has developed many separate subsidiaries and retails working in different markets to adapt itself to local preference.( For example- amazon prime)

16) option a) promotion

Layoff means the termination of the employment either permanently or temporarily. It also includes reducing the working hours of the employee like from full time to part time. Job sharing is also another kind in which job position of person is filled which two or more people sharing the work and all the pay and benefits are distributed among them on pro rata basis.

keosha answered 1 year ago

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