« previous next »

Author Question: In a short essay, explain the type of strategy that an optimistic manager would take for her ... (Read 46 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
on: Jul 6, 2018
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
Reply #1 on: Jul 6, 2018
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
« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Basal cell carcinoma, a frequent type of skin cancer that rarely metastasizes. Basal cell carcinoma, a frequent type of skin cancer that rarely metastasizes.
Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
A severe case of delayed contact dermatitis (Type IV hypersensitivity) from wearing latex gloves. A severe case of delayed contact dermatitis (Type IV hypersensitivity) from wearing latex gloves.
Action of a type II topoisomerase Action of a type II topoisomerase
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library