demonstrating understanding of concepts learned in lessons by responding to discussion questions related to David Ricardo’s theory of comparative advantage, the bullwhip effect, selecting and balancing R&D portfolios, and the concept of “white elephant” projects.

 

Required:
The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.
6.3 Test your Knowledge (Question):
Discuss David Ricardo’s theory of comparative advantage.
Watch the short video at the following link
6.3 Test your Knowledge (Question):
What do you understand by bullwhip effect
Watch the short video in the following link
6.3 Test your Knowledge (Question):
Q. Discusses how managers should select and balance their R&D portfolio, as well as the advantages and disadvantages of some of the most often used tools for project evaluation.
Read the following Statement:
“Some projects are described as White Elephants”
6.3 Test your Knowledge (Question):
What do you think of the statement?
Why some Projects are considered as “White Elephants”. Explain
150 words each

 

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