Judgment, Intuition, and Creativity Would Most Likely Be Classified as ________

question 66

Multiple Choice

Judgment, intuition, and creativity would most likely be classified as ________.

• A) modern decision-making techniques appropriate for programmed decisions
• B) traditional decision-making techniques appropriate for nonprogrammed decisions
• C) traditional decision-making techniques appropriate for programmed decisions
• D) modern decision-making techniques appropriate for nonprogrammed decisions
• E) techniques that can be used for programmed as well as nonprogrammed decisions

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Definitions:

Excise Tax

A specific tax levied on the sale of particular goods or services, such as alcohol and tobacco, usually aimed at discouraging consumption or raising revenue.

Cost Curve

A graphical representation that shows the relationship between the total cost incurred by a firm and the level of output produced.

Average Total Cost

The cost per unit of output, found by dividing the total cost (fixed plus variable) by the number of units produced.

Cigars

Rolled bundles of dried and fermented tobacco leaves designed to be smoked.