Rules of thumb that managers use to simplify decision making are known as ________.
A) heuristics
B) folksonomies
C) algorithms
D) sophisms

Question

Quizplus · Accepted Answer

Heuristics are commonly used by managers to simplify decision-making processes. They are mental shortcuts or rules of thumb that allow us to make quick, but not necessarily optimal, decisions. Folksonomies are user-generated tags used to categorize online content, algorithms are step-by-step procedures for solving problems, and sophisms are flawed arguments that appear to be valid.

Rules of Thumb That Managers Use to Simplify Decision Making