Short-Term Operating Decisions

question 54

Multiple Choice

Short-term operating decisions:

• A)assume current capacity is fixed
• B)arise during the planning phase of the management cycle
• C)arise during the evaluating phase of the management cycle
• D)are usually routine decisions which are not unique to any particular situation

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Definitions:

Self-fulfilling Prophecy

A forecast that, whether through direct or indirect means, fulfills itself by creating a loop of positive feedback between what is believed and the actions taken.

Paranoid

A state of mind characterized by irrational distrust or suspicion of others, often leading to misinterpretation of others' intentions as malevolent.

In-group Member

An individual who belongs to and identifies with a specific social group, leading to a sense of belonging and identity within that group.

Out-group Member

An individual who is perceived as not belonging to one's own group, often seen as different or outside the in-group.