The Distinguishing Factor Between Programmed and Nonprogrammed Decisions Is That

question 23

Multiple Choice

The distinguishing factor between programmed and nonprogrammed decisions is that:

• A) programmed decisions are made based on heuristics and intuitive judgment.
• B) programmed decisions helps managers to solve organizational problems.
• C) programmed decisions are highly susceptible to social and political influences.
• D) programmed decisions require managers to rely on habit and rational analysis.

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Definitions:

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.

Short Run

In economics, a period during which at least one of a firm's inputs is fixed and cannot be changed.

Fixed Input

An input in the production process that cannot be changed in the short term, such as buildings or land.

Long-Run Adjustment

A process in which firms adjust their inputs and outputs to achieve the optimal level of production and efficiency over an extended period.