Alaina Anticipated Some Controversy Getting Managers from Different Functional Teams

question 85

Multiple Choice

Alaina anticipated some controversy getting managers from different functional teams to agree on the best course of action. She convened the managers face-to-face, and after presenting the issue at hand, gave them each 30 minutes to jot down their ideas and solutions. After discussing each idea in turn, each manager ranked the solutions and the one with the highest ranking was selected. Alaina used ________ to facilitate the decision making.

• A)the Delphi technique
• B)production blocking
• C)brainstorming
• D)the nominal group technique
• E)the illusion of control

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Definitions:

Inventory Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, depreciation, and opportunity costs, among others.

Storage Cost

Expenses associated with storing goods or commodities before they are sold or further processed.

Borrowing Cost

Borrowing cost is the total expense, including interest and fees, associated with obtaining funds through borrowing.

Credit Extension

The process of providing new or additional credit to borrowers.