Author Question: In a short essay, explain the type of strategy that an optimistic manager would take for her ... (Read 84 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
In a short essay, explain the type of strategy that an optimistic manager would take for her company.
 
  What will be an ideal response?

Question 2

The purchase price of a product has no influence on calculating EOQ.
 
  Indicate whether the statement is true or false.



elyse44

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

Answer: An optimistic manager sees strong sales and a healthy business climate. In essence, she sees the sky as the limit for the upcoming year, so she wants to maximize her return for this prosperous period. In order to do this, the manager chooses a maximax strategy in which she is looking to find the path that will give her the greatest possible return for her investment of time and energy. Theoretically, this strategy may have a greater downside, but in an optimistic situation, a manager will tend to accept this greater risk to maximize the possible upside of the situation.

Answer to Question 2

Answer: FALSE
Explanation: The variable V for the value or purchase price of the product is part of the formula for computing EOQ.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

For a complete list of videos, visit our video library