Considerable Time and Effort Should Be Devoted to Assuring Objectives

question 38

Multiple Choice

Considerable time and effort should be devoted to assuring objectives are well conceived because they represent the basis for

• A) monitoring progress toward long-term objectives.
• B) establishing divisional priorities.
• C) allocating resources.
• D) evaluating managers.
• E) all of the above

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Definitions:

Representativeness Heuristic

is a cognitive shortcut where the likelihood of an object belonging to a category is assessed based on its similarity to a typical case from that category.

Heuristics

Mental shortcuts or rules of thumb that ease the cognitive load of making a decision, often leading to approximation or educated guesses.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks.

Mnemonic Devices

Tools that aid in the recall of information, using patterns, acronyms, or associations to help remember data.