SCENARIO 12-7 Microchip Technology Is at the Heart of Everything

question 39

Multiple Choice

SCENARIO 12-7 Microchip technology is at the heart of everything electronic.The stakes for manufacturers are high and market fluctuation makes for an uncertain future.Jim Forrest is CEO of BigChip Inc., a medium-sized company that manufactures specialty microchips used in a variety of computers to facilitate efficient graphics processing.Jim recognizes the need to diversify his manufacturing operations and is considering starting up a new division, which would design, develop and produce security chips.These would be used in situations ranging from data transmission to securing financial transactions.
Other companies are also considering involvement since the security market is potentially a large one.Jim knows that the rapid advancements in the field of computer hardware and software necessitates an innovative approach to development of any new technology.Jim realizes that responding to market conditions and world economic influence will have to be carefully dealt with.
Jim knows that expansion into new technology will have to be carefully managed.Managers, in many instances, are content with reasonable rather than best-possible solutions.A weakness of rational decision making in Jim's situation is the assumption that

• A)there are no time or cost constraints.
• B)decisions will never be made that produce the highest perceived value.
• C)decision criteria vary over time.
• D)all possible consequences of each alternative are unknown.
• E)criteria weights remain constant at all times.

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Definitions:

Near-Peer Relationship

A dynamic where individuals or groups possess relatively equal status or power, often used in educational settings where slightly more experienced students mentor newer ones.

Lesbians

Women who experience romantic or sexual attraction exclusively to other women.

Satisfaction

The feeling of contentment or pleasure derived from meeting one's expectations or needs.

Significant Others

Individuals who have a major importance or influence in one's life, often referring to partners, close friends, or family members.