Answer:
B. bounded rationality.
Explanation:
Bounded rationality -
It refers to the idea where the decisions of the people are rational , within a limit of the specific information known and the mental capabilities , is referred to as the bounded rationality .
The concept was given by Herbert Simon .
As the thinking capacity and the information have some limit , hence the decision are also limited .
Hence , from the given scenario of the question ,
The correct answer is bounded rationality .
Answer:
The number of check-ups in this market would decrease.
Explanation:
This is an example of price ceiling.
Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.
Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.
Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.
Answer:
7 kanban containers are required
Explanation:
Given the following information :
Average Waiting time for containers = 0.2 days
Average processing time = 0.1 days / container
Daily usage (Demand rate) = 100 per day
Container capacity = 5 housings
Policy variable ( Alpha) = 10% = 0.1%
The required number of Kanban containers required by Jones Electric Motor can be calculated thus :
[Number of containers(x) * container size] = (Demand rate (waiting time + processing time)*(1 + alpha))
x * 5 = (100 * (0.2 + 0.1)*(1 + 0.1))
5x = [100 * (0.3)*(1.1)]
5x = [100 * 0.33]
5x = 33
x = 33 / 5
x = 6.6 containers
x = 7
Answer:
abcde
Explanation:
abcde...................................................
<u>To be able to communicate with </u><u>various departments</u><u> as well as </u><u>external stakeholders.</u>
What are the three ways that organizational culture impacts project management?
Project management can be impacted by organizational culture and project management culture in at least four different ways:
- Interdepartmental communication,
- goal-setting by employees,
- project planning,
- performance evaluation.
What are the critical success factors for organizational structure and culture in project management?
These include elements of the organization's external environment, human factors, project factors, project work procedures, and project implementation.
Why do project managers have to be aware of organizational culture?
- Organizational culture has an impact on how employees work together to accomplish common goals.
- A culture that promotes and actively works to improve project management practices is likely to prosper.
- Focus on simple-to-measure behaviors and actions if you need to change people's attitudes
Learn more about Organizational Culture
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