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Liam Is the Head of the Buildings and Grounds Department

question 21

Multiple Choice

Liam is the head of the Buildings and Grounds Department at Waterford-Beckman Company,a small manufacturing firm.Recently,the firm that was handling refuse disposal for Waterford-Beckman declared bankruptcy,and Liam was asked to recommend another hauler who would provide good service at a reasonable price.Three months earlier,Liam's brother-in-law had started a refuse disposal business.Unfortunately,he was having difficulty soliciting contracts since most area companies already had arrangements with other haulers.Liam instructed his brother-in-law to submit a bid at 10% below what the now bankrupt firm had been charging.He did not seek any other bids.On the basis of that single bid,Liam recommended his brother-in-law's company as the new hauler for Waterford-Beckman.The decision making model that was used in this example would best be characterized as the ____ model.

Definitions:

Industrial Capitalism

An economic and social system in which trade, industry, and capital are privately controlled and operated for profit.

Fossil-fuel

Natural fuels such as coal, oil, and natural gas, derived from the remains of living organisms and used primarily for energy.

Industrial Order

A social and economic system characterized by the large-scale industrial production and management of goods and services, often associated with the rise of factories and mechanization.

Factory System

A method of manufacturing using machinery and division of labor, known for its role in the Industrial Revolution by significantly increasing production capabilities and changing societal structures.