Lewrice, an Apparel Manufacturer, Has Been Finding It Difficult to Deliver

question 64

Multiple Choice

Lewrice, an apparel manufacturer, has been finding it difficult to deliver its products to its retailers on time. The time taken to deliver the products has been more than the estimated time in almost all instances. The managers of the company have to make a decision on how to resolve the issue. In the context of rational decision making, which of the following is the first step that the managers should ideally take?

• A) Computing the optimal decision
• B) Identifying and defining the problem
• C) Generating alternative courses of action
• D) Identifying decision criteria

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Definitions:

Fully Functioning Person

A term used by Carl Rogers to describe an individual who is living optimally with self-awareness and authenticity, open to experience, and continually growing.

Optimal Level

The most favorable or efficient degree or state of something for achieving a specific outcome or purpose.

Inner Value System

A personal set of ethics, morals, and values that guide an individual's behavior and decision-making.

PEN Model

A psychological framework that describes personality based on three dimensions: Psychoticism, Extraversion, and Neuroticism.