Using Algorithms in Decision Making Has the Advantage of ________

question 23

Multiple Choice

Using algorithms in decision making has the advantage of ________ and the disadvantage of ________.

• A) requiring minimal thinking;not always working
• B) not always working;requiring minimal thinking
• C) always working;requiring effortful thinking
• D) requiring effortful thinking;always working

Recognize learning principles and their application in designing and evaluating training programs.

Identify the steps in creating and implementing employee development plans.

Understand the sequence and components involved in the selection process.

Recognize the importance of supervisor involvement in the selection process.

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Definitions:

Cost

The cost is the value exchanged, often monetary, to acquire goods or services, encompassing expenses such as purchase price, production, and overheads.

Selling Price

The amount of money for which a product or service is sold, which can include costs and profit margins.

Margin

In finance, margin refers to the difference between the selling price and the cost of goods sold, often expressed as a percentage of the selling price. In trading, it refers to the collateral required to open and maintain a position.

Cost

The amount of money required to purchase something or the expense incurred to create a product or service.