A Manager Who Must Implement a Loyalty Program Across 500

question 131

Multiple Choice

A manager who must implement a loyalty program across 500 hotels would be placed in which category for managerial decision-making challenges?

• A)Managers need to analyze large amounts of information.
• B)Managers must make decisions quickly.
• C)Managers must apply sophisticated analysis techniques, such as Porter's strategies or forecasting, to make strategic decisions.
• D)All of these.

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Definitions:

Average

A statistical measure that denotes the central value of a set of numbers.

Dollar-Value LIFO

An inventory valuation method that uses the last-in, first-out (LIFO) principle but measures inventory in dollar amounts rather than in physical units.

Specific Identification Method

An inventory valuation method that tracks the cost of specific items sold and remaining inventory.

Manipulation Of Profits

The unethical or illegal adjustment of a company's financial records in order to present an inaccurately positive picture of its financial performance.