Although There Are Some Similarities Between JIT and MRP,identify One

question 37

Multiple Choice

Although there are some similarities between JIT and MRP,identify one major difference below.

• A)production scheduling
• B)reducing the opportunity for inventory theft
• C)reducing inventory carrying costs
• D)requires more analysis than EOQ

Analyze the factors leading to group polarization and risky shift phenomena.

Identify the presence and impact of biases in group decision-making.

Explain the concept of groupthink, its causes, and its symptoms.

Understand the importance of effectively pooling information within groups.

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Definitions:

HR Forecasting Predictions

Estimations made about future human resources needs based on current data, trends, and analysis to guide hiring and workforce development practices.

HR Supply

The source of human capital to meet demand requirements, obtained either internally (current members of the organization's workforce) or from external agencies.

Human Resources

The department of a business or organization that deals with the hiring, administration, and training of personnel.

Firm Strategy

Firm strategy is a company’s plan to achieve its objectives and gain competitive advantage, guiding decisions on products, services, markets, and resources.