Intuitive Decision Processes Would Work Best When Which of the Following

question 65

Multiple Choice

Intuitive decision processes would work best when which of the following factors were dominant:

• A) managers can use networked computer databanks for analysis.
• B) there are few alternatives available.
• C) experience with similar decisions is extensive, and has been successful.
• D) a manager must make the decision alone.

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Definitions:

Utility Level

An assessment of contentment or joy obtained by a customer from using products and services.

Oreos

A brand of popular sandwich cookies consisting of two chocolate wafers with a sweet cream filling.

Ordinary Goods

Products or services whose demand increases when consumer income rises, and falls when consumer income decreases.

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant, and a significant commodity in global trade.