Praxis Technologies' Supplier Is in a Country That Was Recently

question 97

Multiple Choice

Praxis Technologies' supplier is in a country that was recently affected by a natural disaster, with the result that production was completely halted for several weeks. However, their competitor, Burnham, was much more adversely affected because of the fact that, unlike Praxis, Burnham uses a system in which they receive supplies only as they need them. What was Praxis able to do in response to the crisis that Burnham was not?

• A)They were able to use their buffer stock of inventory to fulfill back orders until production resumed.
• B)They were able to use CRM technology to let their customers know that orders would be delayed.
• C)They were able to quickly farm out production of their stock to several smaller, local factories.
• D)They were able to hire a factory manufacturing generic components to produce them using the Praxis brand.

Recognize the role of culture, situation, and group influence on obedience and prosocial behavior.

Understand the psychological concepts related to altruism and prosocial behavior.

Grasp the impact of psychological experiments like Milgram's and the Stanford Prison Experiment on understanding human behavior.

Acknowledge the significance of situational roles and social norms in shaping behavior.

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Definitions:

Cognitive Biases

Systematic patterns of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Motivational Biases

Distortions in perception or judgment caused by personal desires, needs, or emotions rather than evidence or reason.

Authority

A recognized or official power or right to make decisions, dictate actions, or enforce obedience.

Credibility

The quality or power of inspiring belief; how trustworthy or believable a person, concept, or piece of information is perceived to be.