Managers Who Must Analyze Data from 500 Hotels to Determine

question 161

Multiple Choice

Managers who must analyze data from 500 hotels to determine when to discount rooms based on occupancy patterns would be placed in which category for managerial decision-making challenges?

• A) Managers need to analyze large amounts of information.
• B) Managers must make decisions quickly.
• C) Managers must apply sophisticated analysis techniques, such as Porter's strategies or forecasting, to make strategic decisions.
• D) All of these choices are correct.

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Definitions:

Just Noticeable Difference

The smallest alteration in a stimulus that an organism can barely perceive.

Schemas

Cognitive structures that help us organize and interpret information, based on our accumulated knowledge and experience.

Sensory Input

Information received by the senses that can then be processed by the brain.

Absolute Thresholds

The minimum intensity at which a stimulus can be detected by the senses 50% of the time.