According to the General Decision-Making Model, What Should a Manager

question 117

Multiple Choice

According to the general decision-making model, what should a manager do if a decision is not a routine one?

• A) Formulate a decision rule
• B) Scan the internal situation
• C) Scan the external situation
• D) Engage in problem solving
• E) Follow existing programmed decision rules

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Definitions:

Common Corporate Costs

Common Corporate Costs refer to expenses incurred by a company that cannot be directly attributed to a specific business segment or product, such as headquarters expenses.

Variable Expenses

Costs that vary directly with the level of production or business activity, such as raw materials and direct labor.

Fixed Expenses

Costs that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.

Financial Advantage

A benefit in financial terms, often seen as an edge or superiority in financial health, resources, or opportunities.