To Apply the Principles of Operations Management, Managers Need to Understand

question 15

True/False

To apply the principles of operations management, managers need to understand people, processes, and technology.

Recognize the factors that contribute to conformity and how individual and group norms influence personal actions.

Grasp the significance of conformity in various social situations and the psychological mechanisms behind it.

Understand the distinctions and connections between conformity, obedience, and normative social influence.

Appreciate the ethical concerns and insights derived from classic social psychology experiments.

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Definitions:

Countertrade

A form of international trade in which goods or services are exchanged for other goods or services, rather than for hard currency.

Exports

Goods, services, or technology sent out of a country to sell in international markets, contributing to a nation's economy.

Economic Espionage

The clandestine collection of trade secrets or proprietary information about a company’s competitors.