In the Two University of Michigan Cases Regarding Affirmative Action,leading

question 33

Multiple Choice

In the two University of Michigan cases regarding affirmative action,leading businesses such as Exxon Mobil and General Motors filed briefs

• A)opposing affirmative action.
• B)supporting affirmative action.
• C)detailing the racial make up of their companies.
• D)supporting diversity training programs.

Discuss the importance of ethical considerations and the potential for errors in decision-making.

Understand the application of consultative, group, and authority decision-making processes in organizational contexts.

Understand the concept of escalation of commitment and its implications in decision making.

Recognize the assumptions and limitations of different decision-making models, including bounded rationality.

---

Definitions:

Cumulative Quantity Discounts

Price reductions based on the total quantity of goods a customer purchases over a given time period, incentivizing larger orders.

Quoting Prices

The act of providing a potential buyer with a specific price at which goods or services can be sold, often before a deal is finalized.

Transportation Costs

Expenses associated with the movement of goods or people from one location to another, including fuel, labor, and maintenance.

Skimming Pricing

A pricing strategy where a new product is priced high to take advantage of the willingness of customers to pay a premium for something new or different, then gradually lowering the price over time.