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
Q29: In the context of decision making, which
Q30: Two supermarkets getting involved in a price
Q31: Escalation of commitment occurs when managers:
A)lack optimism.
B)stop
Q32: Continuing to support a failing course of
Q33: Which of the following is an assumption
Q35: In the context of decision making, which
Q36: Which of the following preferences is used
Q37: One of the reasons that escalation of
Q38: In the context of the preferences in
Q39: Cognitive style is defined as an individual's:
A)preferred
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