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Nisha is a retail manager at Hexagon Corp. She needs to troubleshoot customer complaints about a product. She has to decide whether to scrap the product or replace it with a different brand. Based on customer complaints about the product and favorable online reviews of alternate brands, she decides to switch to a different brand. According to the normative decision theory, which of the following decision-making styles has Nisha adopted in this scenario?
Monthly Observations
Regularly recorded data points collected each month to analyze changes or trends over time.
Debt/Asset Ratios
A financial ratio that compares a company's total debt to its total assets, indicating the company's leverage.
Market Capitalization
The total market value of a company's outstanding shares, calculated by multiplying the current stock price by the total number of outstanding shares.
Variance of Earnings
A statistical measure that represents the degree of variation or dispersion of a company's earnings over a specified period.
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