The Option to Alter Production Technology Gives Managers

question 51

Multiple Choice

The option to alter production technology gives managers:

• A) the flexibility to adapt to changing situations.
• B) increased cash flow from operations.
• C) the opportunity to expand production.
• D) the ability to expand product lines.

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Definitions:

Problem-solving

The process of identifying an issue and developing, implementing, and assessing solutions to rectify or improve the situation.

Decision-making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Diversity

The inclusion or representation of different types of people (in terms of race, age, sex, ethnicity, sexual orientation, etc.) in a group or organization.

Selection Decision

The process by which an employer evaluates and decides upon which candidates will be offered a job from a pool of applicants.