Which Three Types of Information Are Most Useful When a Manager

question 9

Multiple Choice

Which three types of information are most useful when a manager summarises the findings of a project appraisal?

• A) The likely outcomes of each project considered
• B) Statement of to what extent probabilities were objective or subjective
• C) Assessment of the probability of each outcome actually occurring
• D) A clear focus on the most profitable outcome

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Definitions:

Marxism

A socio-economic theory proposed by Karl Marx, focusing on the struggle between social classes, particularly between the bourgeoisie and the proletariat.

Social Darwinist

Refers to the application of the natural selection theory to social, political, and economic issues, proposing that success and failure in these spheres are governed by natural laws.

Survival of the Fittest

is a concept from evolutionary theory, suggesting that individuals or species that are best adapted to their environment are more likely to survive and reproduce.

Front Region

A term from Erving Goffman's dramaturgical analysis referring to social settings where individuals perform specific roles for an audience, adhering to societal norms and expectations.