Multiple Choice
Which of the following is true of heuristics?
A) They help managers make decisions based on what has worked in past experiences.
B) They are assumptions in the rational model of decision making.
C) They are the risks and challenges involved in decision making.
D) They help managers to form a consistent system of preferences, which is used to choose the best alternative.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: The organizational foundations include a _ that
Q21: Managers seldom use their intuition to make
Q22: In the context of decision making, which
Q23: Which of the following techniques can be
Q24: Alex, the CEO of WizzWare Inc., is
Q26: As an economy becomes increasingly based on
Q27: Two supermarkets getting involved in a price
Q28: The bounded rationality model assumes that managers:<br>A)select
Q29: Explain some of the social decision schemes
Q30: In the context of the decision-making process,