To Improve Decision-Making Abilities, Managers Should

question 30

Multiple Choice

To improve decision-making abilities, managers should

• A)concentrate on planning for the future instead of analyzing past decisions.
• B)ignore biases and personal style for making decisions.
• C)rank various alternatives even when all relevant information is not available.
• D)list the criteria that are being used to assess and evaluate alternatives and evaluate if the factors are appropriate.
• E)pursue the most economically superior alternatives despite the threat of cannibalization to other areas of the business.

Recognize the concept of metamemory and its development in childhood.

Understand the role of executive function in academic success and behavioral regulation.

Identify and describe basic memory strategies and their significance in cognitive development.

Analyze the influence of specific training, task familiarity, and language on cognitive tasks and intelligence testing across cultures.

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Definitions:

Allocation

Involves the distribution of resources or tasks among various departments, projects, or individuals based on priorities and strategic goals.

Arrangement

This term denotes the way in which things are organized or arranged, whether physically, socially, or logically.

Resources

Assets, materials, and other components necessary for a company or individual to function effectively.

Planning Steps

The sequential actions or stages involved in devising a plan, including goal setting, strategy formulation, and action planning.