In the Decision-Making Process, Critical, Non-Programmed, Root Decisions Are Made

question 13

Multiple Choice

In the decision-making process, critical, non-programmed, root decisions are made by _________________.

• A) top-level management
• B) department heads
• C) technical staff
• D) employee representatives and department heads

---

Definitions:

Rational Consumers

Individuals who aim to maximize their utility or satisfaction based on their preferences and information when making consumption choices.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, leading to competition based on factors other than price.

Excess Capacity

A situation where a firm is operating below its maximum output level, indicating that it has available resources that are not being fully utilized.

Economic Profits

The offset between gross income and total liabilities, embracing both visible and hidden expenses.