The Managers, Due to Time Constraints, Opted for the First

question 3

Multiple Choice

 The managers, due to time constraints, opted for the first alternative that appeared to solve the problem even though better options may have existed. The managers were using which model of decision making?

• A) Classical model
• B) Administrative model
• C) Political model
• D) Garbage can model

Recognize the role and criticisms of international institutions such as the IMF and the World Bank.

Understand the dynamics and economic implications of off-shoring and global trade balance.

Identify the major exporters globally and understand the shift in global economic power.

Learn about the principles of opportunity cost in decision-making for individuals and nations.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency.

Carrying Costs

Expenses associated with holding or storing inventories, including warehousing, insurance, and spoilage costs.

Cash Inflows

The total amount of money being transferred into a business, often from operations, investments, or financing.

Net Working Capital

The difference between a company’s current assets and current liabilities, indicating its short-term financial health and ability to cover short-term liabilities.