In the Systems Theory, Understanding ________ Helps a Manager Know

question 49

Multiple Choice

In the systems theory, understanding ________ helps a manager know which sets of circumstances dictate which management actions.

• A) inputs
• B) physical needs
• C) economies
• D) contingencies
• E) outputs

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Definitions:

Aggregate Planner

A professional role responsible for developing, executing, and monitoring a production plan that balances demand and supply over a medium-term horizon, typically focusing on general levels rather than specifics.

Mixed Strategy

In game theory, a strategic plan in which a player utilizes a mixture of actions, each with a specific probability, to ensure unpredictability.

Chase Strategy

A management approach where production meets the exact demand for goods, reducing inventory costs by producing only what is needed.

Aggregate Planning

A process in supply chain management that develops, analyzes, and maintains a preliminary, approximate schedule of the overall operations of an organization.