The Explosion of the Space Shuttle Challenger Is an Example

question 4

Multiple Choice

The explosion of the space shuttle Challenger is an example of poor managerial decision making by the managers at NASA and Morton Thiokol,who considered and then downplayed the criterion of:

• A) ethicalness.
• B) practicality.
• C) legality.
• D) economic feasibility.
• E) devil's advocacy.

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Definitions:

Highly Productive Economies

Economies that are able to produce a significant amount of goods and services per unit of input.

Specialization

The process of focusing on and becoming an expert in a particular area of work or study, leading to improved efficiency and productivity.

Modern Economy

An economic system characterized by services, information, technology, and advanced industrial production, with a focus on innovation and global trade.

Specialization and Exchange

Refers to the economic practice where individuals or groups focus on a narrow area of production to gain efficiency and trade with others to benefit from each other's expertise.