A Pull System _____

question 23

Multiple Choice

A pull system _____.

• A) requires high levels of finished goods inventory
• B) relies heavily on accurate sales forecasts
• C) waits for customer orders
• D) produces goods in advance of demand

Identify and explain the use of various decision-making models, including single-feature, additive, elimination by aspects, and availability heuristics.

Distinguish between mental set and functional fixedness, and understand how each affects problem-solving.

Explain the role of heuristics, such as the representativeness and availability heuristics, in influencing judgment.

Recognize the influence of cognitive biases, such as confirmation bias and the fallacy of positive instances, on decision-making and judgment.