Under Certain Conditions, the Subjective Approach to Making a Selection

question 88

Multiple Choice

Under certain conditions, the subjective approach to making a selection decision may be adopted. Which of the following is NOT one of those conditions?

• A)little HR expertise
• B)confidence in the decision maker's intuition
• C)few resources
• D)quick resolution desired

---

Definitions:

Quantity Tax

A tax that is levied on a specific amount or quantity of a good or service, rather than on its value.

Lost Revenue

Revenue that was expected but not received, often due to unforeseen circumstances or decisions leading to missed opportunities.

Long-Run Cost Curve

A graphical representation showing the minimum cost at which any given level of output can be produced in the long run, where all inputs are variable.

Industry Supply Curve

A graphical representation showing the quantities of a product that firms across an industry are willing to supply at different price levels.