A manufacturing corporation has signed a five-year contract with a metal corporation, which will supply a major component for manufacturing an electrical circular saw. It is expected that the metal corporation will deliver 1,000 units per month. Which step of the decision model did the manufacturing corporation complete? A. Identifying the problem B. Implementing the decision C. Choosing the best alternative D. Evaluating the decision 19. A pizza restaurant would like to add fresh ingredients which are available during the summer to its menu. Only three items may be added, which is a first-time offer to patrons. There are five menu items under consideration: spinach salad, cucumber cocktail, stuffed olives, steamed broccoli, and fried eggplant. Because these are new menu items, customer demand cannot be determined. How does risk influence the decision-making process in this scenario? a. The uncertainty does not allow for a supported decision-making process. b. The risk makes the decision-making process more difficult. c. The risk will be assessed and the decision-making process supported. d. Both risk and uncertainty are needed to perform the decision-making process.
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18. A manufacturing corporation has signed a five-year contract with a metal corporation, which will supply a major component for manufacturing an electrical circular saw. It is expected that the metal corporation will deliver 1,000 units per month.
Which step of the decision model did the manufacturing corporation complete?
A. Identifying the problem
B. Implementing the decision
C. Choosing the best alternative
D. Evaluating the decision
19. A pizza restaurant would like to add fresh ingredients which are available during the summer to its menu. Only three items may be added, which is a first-time offer to patrons. There are five menu items under consideration: spinach salad, cucumber cocktail, stuffed olives, steamed broccoli, and fried eggplant. Because these are new menu items, customer demand cannot be determined.
How does risk influence the decision-making process in this scenario?
a. The uncertainty does not allow for a supported decision-making process.
b. The risk makes the decision-making process more difficult.
c. The risk will be assessed and the decision-making process supported.
d. Both risk and uncertainty are needed to perform the decision-making process.
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