Scenario D

question 25

Multiple Choice

Scenario D.Jimena works for a small company that makes nut butters from ingredients like cashews and macadamia nuts,and jams from mixtures of tropical fruits.She reports to the CFO.It is her job to predict the costs of raw materials for the next five years.She uses various research sources,including the news,to learn who the competitors are and what they have been doing.In fact,she subscribes to an analyst e-newsletter that tells her about crop availability and weather conditions all around the globe.Every month she develops a spreadsheet for her boss indicating the likely costs of fruits and nuts given the type of weather conditions expected in each area of the world and thus the availability of particular crops.She is also involved in a team that is investigating how to cut production costs.They have recently met with Spicy Sides,a company that produces jars of condiments.Spicy Sides is considered the top company in the condiment industry,especially in its knowledge of how to pack food products in jars.Jimena's team is comparing their processes to those of Spicy Sides to see how they might improve.
-When predicting the costs for her company,Jimena is engaging in

• A)forecasting.
• B)competitive intelligence.
• C)environmental scanning.
• D)benchmarking.
• E)scenario development.

Apply behaviorism to understand and explain specific phobias or behaviors in case studies.

Contrast May's concept of alienation with Rogers's concepts of conditions of worth and incongruence.

Understand the principles and limitations of multiple comparison methods including Fisher's LSD and Tukey's method.

Apply analysis of variance (ANOVA) to examine differences across groups in various scenarios.

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Definitions:

Mutual Understanding

A state of agreement or shared perspectives achieved through effective communication and empathy between parties.

Group Level

A reference to the collective characteristics or dynamics of a group as opposed to individual members.

Project Team

A group of individuals with diverse skills and roles assembled to execute a specific project, achieving defined goals over a set timeframe.

Unethical Corporate Behavior

Actions taken by a company that are dishonest, fraudulent, or in violation of moral, legal, or professional norms.