A Manager Who Takes the Time to Search a Wide

question 23

Multiple Choice

A manager who takes the time to search a wide amount of data to find the 'right answer', prefers to pursue multiple courses of action, and adapts to changing circumstances is an example of a:

• A) single-focus satisficer with an integrative decision-making style.
• B) single-focus optimiser with a flexible decision-making style.
• C) multi-focus satisficer with a flexible decision-making style.
• D) multi-focus satisficer with an integrative decision-making style.
• E) multi-focus optimiser with an integrative decision-making style.

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Definitions:

Normative Statements

Statements that express opinions on how the world ought to be, involving value judgments rather than factual claims.

Expressions Of Facts

Statements that aim to convey information about reality or actual events without alteration.

Economic Model

A simplified representation or framework that economists use to describe and analyze economic processes, relationships, or phenomena.

Capital Goods

Long-lasting goods purchased and used by businesses to produce goods and services and contribute to their output.