The Three Conditions That Characterize Difficult Managerial Decisions Concerning Resources

question 75

Multiple Choice

The three conditions that characterize difficult managerial decisions concerning resources, capabilities, and core competencies are:

• A) complexity, rarity, and human intellectual capital.
• B) uncertainty, complexity, and intraorganizational conflicts.
• C) imitability, complexity, and interorganizational conflicts.
• D) imitability, comparability, and human intellectual capital.

Explain the concept and importance of ethical values in managerial decision-making.

Understand various ethical views (utilitarian, individualism, justice) and their application in business scenarios.

Differentiate between instrumental and terminal values and their relevance to business ethics.

Identify the processes and benefits of a social responsibility audit.

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Definitions:

Plastic Furniture

Furniture made from plastic materials, known for its durability, affordability, and versatility in design. Often used for both indoor and outdoor settings.

Detailed Salesperson

A salesperson who emphasizes providing thorough information and explanations about products or services, ensuring customers have all the details they need to make informed decisions.

Service Salesperson

An individual who sells intangible products or services, focusing on meeting the needs and solving the problems of customers.

Sales Engineer

A professional who has both technical knowledge and sales skills, responsible for selling complex technical products or services.