Examlex
Which of the following statements is correct when considering a SWOT analysis?
Preferred Solution
The most desired outcome or method for solving a problem or addressing a situation, often chosen based on effectiveness and feasibility.
Ambiguity
Ambiguity refers to the quality of being open to more than one interpretation, lack of clarity or definiteness, which can lead to confusion or misunderstanding in communication or decision-making.
Bounded Rationality
The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.
Organizational Settings
The physical and social environment in which organizational activities occur, including structures, culture, and processes.
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