1. A company is facing a decision on whether to invest in a new
technology that could increase production efficiency but requires a
significant upfront cost. What should the company consider as part of its
decision-making process?
- A) The color of the new equipment
- B) The potential increase in production efficiency
- C) The preferences of the production staff
- D) The current weather conditions
Answer: B) The potential increase in production efficiency
Rationale: The decision should be based on factors that will impact the
company's performance and profitability, such as the potential increase in
production efficiency.
2. In a scenario where market trends indicate a shift away from a product
that a company specializes in, what is the most prudent decision-making
approach?
- A) Ignore market trends and continue production as usual
- B) Conduct a market analysis to understand the shift
- C) Diversify immediately into unrelated products
- D) Increase marketing budget for the existing product
Answer: B) Conduct a market analysis to understand the shift
Rationale: Understanding market trends through analysis is crucial for
making informed decisions that align with business strategy and market
demand.
3. When evaluating a potential merger, which of the following is the most
critical aspect to analyze for decision-making?
- A) The name of the company to be merged with
- B) The cultural compatibility between the companies
- C) The favorite sports teams of the CEOs
- D) The current political climate
Answer: B) The cultural compatibility between the companies
Rationale: Cultural compatibility can significantly affect the success of a
merger, impacting employee morale and the integration process.
4. A business model predicts a substantial increase in demand for a
product. What decision should a company make regarding inventory
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