Using Heuristics in Decision Making Has the Advantage of ________

question 43

Multiple Choice

Using heuristics 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

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Definitions:

Business Ethics

Ethics in a business context; a consensus of what constitutes right or wrong behavior in the world of business and the application of moral principles to situations that arise in a business setting.

Corporate Policy

Guidelines or principles set by a company to direct the actions and decision-making of its employees and management.

Outcome-Based Ethics

An ethical framework that focuses on the results or consequences of actions to determine their moral value, rather than the actions themselves.

Potential Benefits

The possible advantages or positive outcomes that may result from a particular action or policy.