A Graphical Depiction of Course Material That Includes Nodes and Branches

question 6

Multiple Choice

A graphical depiction of course material that includes nodes and branches is called a(n) :

• A) chart.
• B) outline.
• C) hybrid.
• D) map.

Understand the Z problem-solving model, including the final step preferences.

Define cognitive style and its significance in the decision-making process.

Understand the impact of risk aversion on decision making.

Differentiate between various social decision schemes and their effects on group decisions.

---

Definitions:

Licensing Agreement

Occurs when a firm pays a fee for the rights to make or sell another company’s products.

Manufacturing Technology

The machinery, equipment, and processes used in the production of goods, emphasizing efficiency and quality.

Patent

Legal protection granted to inventors, giving them exclusive rights to manufacture, use, or sell their invention for a certain period.

Central-Planning Economies

Economic systems where the government or central authority makes all decisions about the production and distribution of goods and services.