When the Consequences of a Decision Are Great, Which of the Following

question 95

Multiple Choice

When the consequences of a decision are great, which of the following should the supervisor follow?

• A) Spend less time on the decision to avoid confusion
• B) Use the rational model of decision making
• C) Avoid using alternative solutions
• D) Limit the money spent in identifying and evaluating alternatives

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Definitions:

Market Research

Market research is the process of gathering, analyzing, and interpreting information about a market, including info about the target market, competitors, and customers, to inform business decisions.

Durable Good

A type of good that does not quickly wear out and is therefore used over a longer period, such as appliances, vehicles, and furniture.

Cab Ride

A trip or service provided by a taxi or cab, often charged based on distance and time.

Services Sector

The segment of the economy that involves offering intangible products such as healthcare, education, and financial services.