Intuitive Decision Making ________

question 108

Multiple Choice

Intuitive decision making ________.

• A) is the systematic use of the best available evidence to improve decision making practice
• B) generally results in poor decisions and hence managers should learn to ignore their gut feelings
• C) is the process of making decisions based on experience, feelings, and accumulated judgment
• D) complements rational decision making but not bounded rational decision making

---

Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Snow Storm

A severe weather condition characterized by high winds and heavy snowfall, impacting travel, infrastructure, and daily life.

Financial Disincentives

Economic or monetary penalties designed to discourage undesirable actions or behaviors by making them more costly.

Local Ordinance

Laws or regulations enacted by a local governing body to address issues within its jurisdiction.