Please answer the following essay questions in your own words –
1. Describe the role of intuition in decision making.
2. Managers can use six categories of activities to establish a creative atmosphere in their organization. Please list and explain each one.3. Explain what brainstorming is, and give one example where you used this method in your professional or personal life.
4. Explain what is a break-even analysis and also if you think it is important or not and why.
5. What types of forecasts are there? List and explain each one of them.
6. Explain what JIT (Just-in-time) inventory is and why it would help a company save money.