When Identifying Profitable Project Opportunities, Management Should

question 26

Multiple Choice

When identifying profitable project opportunities, management should

• A) Focus only on cash returns and always move forward with the highest cash flow project first
• B) Develop projects at the senior management level and, thus, ensure support down through the company
• C) Concentrate first on the best opportunity in the strongest product category
• D) First focus on opportunities that utilize the lowest amount of capital required
• E) Search for opportunities that mesh with strategic plans and utilize the company's core competencies

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Definitions:

Correct

Conforming to fact or truth; free from error, accurate or precise.

Asch Studies

A series of psychological experiments conducted by Solomon Asch studying if and how individuals yielded to or defied a majority group and the effect of such influences on beliefs and opinions.

Conformity Pressures

The influence that peers or societal norms have on an individual's behavior and beliefs, often leading to changes to match those norms.

Staff Meeting

A gathering of employees led by their employer to discuss issues, progress, or objectives related to the workplace.