A __________ Approach Describes How Managers Actually Make Decisions,whereas a __________

question 44

Multiple Choice

A __________ approach describes how managers actually make decisions,whereas a __________ approach defines how a decision maker should make decisions.

• A) normative; descriptive
• B) normative; classical
• C) descriptive; normative
• D) descriptive; administrative
• E) normative; administrative

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Definitions:

Natural Law

A philosophical theory that posits the existence of a law whose content is set by nature and that therefore has validity everywhere.

Ethical System

A coherent set of moral principles, values, and standards that guide individuals or groups in making decisions and conducting themselves.

Human Reason

The mental capacity of humans to form judgments and conclusions based on logic and critical thinking.

Market Value Ethics

The ethical considerations surrounding the determination and influence of market value in business and finance.