The Type of Decisions That Are Repetitive and Routine, to the Extent

question 44

Multiple Choice

The type of decisions that are repetitive and routine, to the extent that a definite procedure has been worked out for handling them so that they don't have to be treated as new each time they occur are referred to as:

• A)unstructured decisions.
• B)programmed decisions.
• C)structured decisions.
• D)semistructured decisions.

Recognize the effects of small changes in productivity growth rates over time.

Understand the implication of labor productivity growth on real GDP per capita.

Analyze the role of technological change in economic development and worker displacement.

Understand the relationship between sales growth and inventory requirements.

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Definitions:

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and values.

Internal Causes

Reasons or factors that originate within an individual or system, leading to certain outcomes or behaviors.

External Causes

Factors or conditions outside of an individual's control that impact events or outcomes, often used in analyzing behaviors or situations.

Self-Serving Bias

The tendency to attribute one’s successes to internal causes and one’s failures to external causes.