When a Manager Engages in Behaviors That Speed Up the Decision-

question 71

Multiple Choice

When a manager engages in behaviors that speed up the decision- making process in order to avoid information overload, he is engaging in judgmental shortcuts or

• A)uncertainty.
• B)unbounded rationality.
• C)heuristics.
• D)bounded rationality.

Understand the significance of intercultural competence in global business environments.

Recognize the characteristics and impacts of low and high-context cultures in communication.

Identify effective communication strategies in intercultural settings.

Acknowledge the role of cultural sensitivity and awareness in enhancing intercultural communication.

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Definitions:

Days' Sales

A financial metric that estimates the average time it takes a company to convert its inventory into sales.

Cost Of Goods Sold

Direct expenses associated with creating the goods a company sells, including both materials and labor.

LIFO Periodic

An inventory management and valuation method where the last items produced or acquired are the first to be expensed as cost of goods sold, calculated at periodic intervals.

Total Sales

The aggregate revenue generated from all goods and services sold by a company within a particular period, serving as a key indicator of the company's financial health and market demand.