Managers Make Most Decisions Based on

question 31

Multiple Choice

Managers make most decisions based on

• A) food choices and schedules
• B) rationality, commitment, and intuition
• C) finances, rules, and time
• D) pleasing guests and employees
• E) learned skills

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Consumers

Individuals or groups who purchase goods and services for personal use.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Patents

Legal documents granting an inventor exclusive rights to their invention for a certain period of time.

Trade Secrets

Confidential business information that provides a company with a competitive edge, such as formulas, practices, processes, designs, instruments, or patterns.