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1. Discuss the following statement. "It is important that organizational managers understand that bounded awareness can and will occur in decision making." In developing your discussion, cite a minimum of two sources other than your textbook
2. Conduct an Internet or library search for information on "The Bay of Pigs Invasion." Discuss the failure of the invasion in terms of bounded awareness. In your opinion, what caused the poor decisions to be made? Could focalism and/or focusing illusion have played a part in this failure? If so, how?
3. On January 28, 1986, the Space Shuttle Challenger was destroyed upon launch from Cape Canaveral, Florida killing all seven astronauts on board. Conduct a literature and an Internet search on the topics of the Challenger disaster and groupthink. Then, discuss how groupthink might have created decision-making problems for NASA and its booster contractor. Cite at least two sources in your answer.
4. Research the subject of groupthink and focalism on the Internet and in textbooks. Then, discuss the two concepts. In your answer, discuss the similarities and dissimilarities of the two.
Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in ..
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a firm has the choice of the following investmentsinvestment a costs 5000 today pays a total of 4000 next year and 1700
the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
if the average variable cost curve is horizontal what is the shape of the short-run marginal cost curve? what shape
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low-risk loan. Give an adverse election explanation for this and offer advice to your friend on how to solve the pro..
1. which of the following actions reflect self-interested behavior?i warren buffett one of the worlds wealthiest
Find the quantity of each g0od where the cost of m0n0polish is minimum
datafilecontains1500housessoldinstocktoncaliforniaduring1996-1998.thevariabledescriptionsareasfollowsbull sprice
Thirty years ago, the market for chicken was perfectly competitive. Then, Frank Perdue started marketing chicken under his own name.
the size of the labor force in a community is 800 and 720 of these folks are gainfully employed. in this community 200
Is it possible for companies both to maximize financial value for shareholders and to act responsibly in the communities in which they operate. Cite examples of companies that are doing so.
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