When a Manager Is Making a Decision That Involves Both

question 18

Multiple Choice

When a manager is making a decision that involves both known and unknown elements, the most effective decision tool is usually a(n) ___________.

• A) factor analysis
• B) OODA loop
• C) decision tree
• D) stochastic simulation

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Definitions:

Predictive Validity

The degree to which a score from a test or scale forecasts upcoming performance in a connected task or result.

Culturally Biased

Culturally biased refers to the tendency to interpret or judge phenomena through the lens of one's own cultural background, potentially leading to inaccuracies or unfairness.

Prototypes

Original model or first form of something from which other forms are copied or developed, often used in the context of products, designs, or cognitive psychology.

Trial-And-Error

A problem-solving method involving repeated, varied attempts until success is achieved, learning from the errors in previous attempts.