Examlex

Solved

John, an Operations Manager, Has Chosen an Alternative Way to Solve

question 48

Multiple Choice

John, an operations manager, has chosen an alternative way to solve a problem he is faced with. Now John must decide whether the company has the capabilities and resources required to implement the alternative. Which criterion of decision making is he focusing on?


Definitions:

Market Maker

A firm or individual who actively quotes both buy and sell prices for financial instruments, contributing to liquidity and efficiency in the markets.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.

Bid-ask Spread

The gap between the maximum price a buyer is ready to offer (bid) and the minimum price a seller agrees to sell (ask) for an asset.

Market Maker

A firm or individual that actively quotes both a buy and sell price in a financial market, providing liquidity and facilitating trading.

Related Questions