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kati45 [8]
3 years ago
12

As a software development project manager, Chang is extremely busy working on new products as well as improving old ones and fix

ing the glitches in existing ones. Given the time crunch, Chang's operational philosophy for problems is to go with a solution that meets his minimum standard of acceptance. Given more time he can probably find a better solution but he believes in moving on. Which of these describes his approach?
a. Escalation of commitment
b. Optimizing
c. A representativeness heuristic.
d. A non-analytic decision strategy
e. Satisficing
Business
1 answer:
ryzh [129]3 years ago
3 0

Answer:

e. Satisficing

Explanation:

Satisficing is an approach to decision-making that involves seeking satisfactory solutions to problems rather than expending more resources seeking for the best solution. It is a kind of a faster way to make decision and seek solutions that can satisfactorily solve a problem within acceptable limits. The approach employed by Change can simply be described as that of satisficing.

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Adrian Atwood, a senior manager at MNC, spends a lot of his time assigning group members to particular tasks and scheduling thei
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Answer:

According to the Ohio state studies , we can say that the Adrian as leader is high in initiating structure.

Explanation:

Initiating structure can be defined as the particular degree to which a leader would define his or her role and also specify and organize the role of employees too, in order to achieve the organizations goals.

Adrian is also doing the same thing here, as she has given a lot of time in assigning employees their particular tasks and scheduling their work , in such a way that goals are achieved.

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3 years ago
Maria Alverez has received a paycheck for $250, which she wishes to cash at her bank. She will need to use a blank endorsement o
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She would need an Address an   Social Security number (or ITIN)  with a

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8 0
3 years ago
At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va
brilliants [131]

Answer: a. $4.5 million

Explanation:

The depreciation to be recognized is;

= Value of Depreciable assets * Percent of company owned

= 15,000,000 * 30%

= $4,500,000

5 0
2 years ago
As it pertains to the diffusion of innovation, if the __________ group is relatively small, the number of people who ultimately
saveliy_v [14]
As it pertains to the diffusion of innovation, if the Early adopters 
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5 0
3 years ago
A firm follows a(n) ________ when less than 70 percent of its revenues come from a single business and there are few, if any, li
zysi [14]

Answer:

A. Unrelated diversification strategy

Explanation:

A firm follows an unrelated diversification strategy when less than 70 percent of its revenues come from a single business and there are few, if any, linkages among its businesses.

Diversification: This is the art of entering product markets which is different from those in which the firm is currently engaged in. This implies that diversification is when firms direct resources into a new product, that is, producing a different type of product from the existing one.

Diversification is divided into two

1. Related diversification

2. Unrelated diversification

1. Related diversification: This is the process in which the two products involved have a form of commonalities. This result to enjoying economies of scale.

2.Unrelated Diversification: This form of diversification occurs when a firm adds unrelated product lines and penetrates new markets. The new product introduced has to relation or connection with the the previous or existing product.

Unrelated diversification can be accomplished using the following methods:

1. Developing new competences to use new market opportunities.

2. Using the existing basic competences of the company and expanding from existing markets into new ones and starting new lines of production.

3. Penetrating completely new markets. Usually such opportunity can be identified as a result of the main company business.

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3 years ago
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