Judgment Is the Capacity for Making a Successful Decision When

question 63

Multiple Choice

Judgment is the capacity for making a successful decision when:

• A) there are multiple decision criteria.
• B) no obviously correct model or rule is available.
• C) cognitive biases create barriers to rationality.
• D) there are contradictions between the firm's vision and its implemented strategy.

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Definitions:

Social Needs

Social needs are inherent psychological requirements for belonging, love, and interpersonal relationships that motivate behavior.

Interpersonal Relationships

Social connections and associations between two or more individuals, varying in duration and levels of intimacy and significance.

Esteem Needs

are psychological requirements for respect, self-esteem, recognition, and confidence, part of Maslow's hierarchy of needs.

Personal Competence

An individual's ability to effectively manage and use their own emotions and skills in various situations.