Which of the Following Statements About Nonprogrammed Decisions Is FALSE

question 32

Multiple Choice

Which of the following statements about nonprogrammed decisions is FALSE?

• A) The decisions are poorly structured.
• B) The problem situation is nonroutine.
• C) The consequences of decision making are far reaching.
• D) The decisions are rarely a responsibility of top management.
• E) Goals are often vague.

Define the environment in CNPM terms.

Distinguish between transcendent and actualizing values in CNPM.

Interpret the structure and interconnectedness of services in CNPM.

Explain the concept of community within CNPM.

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Definitions:

Time Horizon

The length of time over which an investment, project, or policy is intended or expected to operate or have an impact.

Demand Curve

A demand curve is a graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers over a certain period.

Law of Supply

An economic principle stating that as the price of a good or service increases, the quantity supplied of that good or service also increases, all else being equal.

Price-Elasticity

A measure of the responsiveness of demand or supply of a good or service to changes in its price.