Which term below refers to a criterion for judging the attractiveness of two or more alternatives when using a decision variable?
A. Decision theory
B. Decision rule
C. Ex post facto evaluation
D. Choice theory
E. Success probability
Ans: B. Decision rule
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The retail store where David works always adds extra staff during the busy holiday season and summer months. Managers know that this additional staff will relieve some of the stress year-round employees feel. The addition of the extra staff is an example of a _____.
Fill in the blank(s) with the appropriate word(s).
Which of the following is an example of franchising?
A) An Italian clothing company opens manufacturing factories in China and Bangladesh to reduce manufacturing costs. B) A U.S-based quick-service restaurant gives rights to another business to use its entire business system in exchange for compensation and royalties. C) A U.S.-based animation company allows factories in China to use their famous cartoon character on mugs and stationery. D) A Germany automobile manufacturer opens an office in Philippines for its customer care operations.