Rules of thumb that firms have found that work for them can be referred to as:
A) heuristics.
B) syntaxes.
C) synergies.
D) charters.

Question

Quizplus · Accepted Answer

Heuristics are commonly known as "rules of thumb" or mental shortcuts that individuals and organizations use to make decisions and solve problems more efficiently. Therefore, rules of thumb that firms have found to work for them can be considered heuristics. Syntaxes refer to the arrangement of words and phrases to create well-formed sentences, while synergies refer to the combined effects generated by two or more elements working together. Charters are written documents that outline the purpose, goals, and operations of an organization.

Rules of Thumb That Firms Have Found That Work for Them