A Decision-Making Strategy in Which One Uses the Ease with Which

question 171

Multiple Choice

A decision-making strategy in which one uses the ease with which examples come to mind as the basis for judging how common events really are is called the _____ heuristic.

• A)frequency
• B)availability
• C)representativeness
• D)familiarity

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Definitions:

Autocratic Organizations

Organizations characterized by centralized decision-making, where control is exercised by a single leader, leading to quicker decision-making but potentially lower employee morale.

Deming Management

A comprehensive management approach proposed by W. Edwards Deming, focusing on quality improvement, increased productivity, reduced costs, and customer satisfaction through statistical methods.

Everyone's Job

A principle suggesting that a specific task or responsibility is shared among all members of a group or organization.

Run Chart

A graphical tool used in process improvement that displays observed data in a time sequence to identify trends or patterns over time.