What Is the Term Used to Describe the Situation When

question 74

Multiple Choice

What is the term used to describe the situation when a manager's decision, which benefits one subunit, is more than offset by the costs to the organization as a whole?

• A)suboptimal decision making
• B)dysfunctional decision making
• C)congruent decision making
• D)Both A and B are correct.

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Definitions:

Net Working Capital

The discrepancy between an organization's immediate assets and its short-term obligations, showing the accessible liquidity to manage its activities.

Just-in-Time Inventory (JIT)

A supply chain management strategy aimed at reducing inventory costs and waste by receiving goods as they are needed in the production process.

Minimize Inventory

A strategy aimed at reducing the amount of inventory to lower storage costs and reduce the risk of stock obsolescence.

Work-in-Process

Inventory items that are in the production process but are not yet completed products.