You Are a Manager That Uses the Method of Intuition

question 6

Multiple Choice

You are a manager that uses the method of intuition to make decisions. Considering this, which of the following actions would you probably take?

• A) Your hire more workers because it just makes sense.
• B) You fire fifteen employees because your boss claims this action was necessary.
• C) You recommend expanding your company into Canada because of survey reports.
• D) You approve a budget for a new product lined based on extensive market research.
• E) You lower your bid for a new project due of your history with a competitor who is also submitting a bid.

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Definitions:

Bank Loan

A sum of money lent by a bank to a borrower at interest, to be repaid over a specified period along with the interest.

Denomination Time Deposits

Time deposits in banks that have a fixed term and are denominated in specific amounts of money.

M1

A measure of the money supply that includes all physical currency and coins, demand deposits, traveler's checks, and other checkable deposits.

M2

M1 plus savings deposits, small-denomination time deposits, and money market mutual funds.