A Hurricane Was Approaching Miami, and Although There Was No

question 60

Multiple Choice

A hurricane was approaching Miami, and although there was no evacuation order, the president of a local company decided to close the business and send his employees home. This is an example of a(n) ________ decision.

• A)satisficing
• B)automatic
• C)guideline-based
• D)predetermined
• E)nonprogrammed

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Definitions:

Decision-Making Criteria

The standards or factors considered when making a choice or judgment.

Levels of Desire

The varying degrees of eagerness or interest that consumers have towards purchasing or engaging with a product or service.

Win-Win Situation

A scenario in negotiations or deals where all parties involved benefit or achieve their objectives, fostering positive relationships and outcomes.

Selling

The process of persuading someone to buy a product or service.