Business Decision-Making

In 2020, Tesla decided to build a new Gigafactory in Austin, Texas. Which type of plan is this an example of?

• Standing Plan

• Strategic Plan

• Single Use Plan

• Contingency Plan

In 2015, Volkswagen was caught manipulating diesel emissions tests. In response, they apologized and committed to rectifying their mistakes. Their initial reaction can be best described as:

• Reactive

• Defensive

• Accommodative

• Proactive

In the 2008 financial crisis, banks faced scrutiny and criticism, leading to many revamping their strategies. Their decision to adjust based on external pressures aligns with which concept?

• Confirmation bias

• Groupthink

• Management by Objective

• Environmental scanning

When Apple first introduced the iPhone, it disrupted the mobile phone market and caused companies like Nokia and BlackBerry to reevaluate their strategies. This disruption caused by Apple is an example of:

• Bounded Rationality

• Programmed Decisions

• Strategic inertia

• Goal specificity

Coca-Cola's decision to introduce "New Coke" in 1985, only to revert back to the original formula due to consumer backlash, showcases which barrier to decision making?

• Confirmation bias

• Escalation of Commitment

• Bounded Rationality

• Groupthink

McDonald's decision to include healthier options like salads on their menu in response to increasing health consciousness and criticism is an example of:

• Reactive strategy

• Feedback control

• Goal feedback

• Management by Objective

Blockbuster's failure to adapt to the rise of online streaming services like Netflix demonstrated a lack of:

• Moral Judgment

• Ethical Implications

• Strategic inertia

• Goal acceptance

Toyota's swift action and transparency during the 2010 recall crisis to address safety concerns and correct their mistakes showcases which ethical implication?

• Moral sensitivity

• Moral Judgment

• Moral character/action

• Moral motivation/intention

Google's decision to exit the Chinese search market in 2010 due to concerns about censorship and hacking can be primarily attributed to:

• Goal feedback

• Process/Cognitive Conflict

• Moral sensitivity

• Feedforward control

Amazon's strategic decision to invest in Amazon Web Services (AWS) in the early 2000s, which later became a major profit center, exemplifies which type of decision-making process?

• Programmed Decisions

• Non-Programmed Decisions

• Standing Plans

• Feedback control