When Managers Base Decisions on What Has Worked in the Past

question 3

Multiple Choice

When managers base decisions on what has worked in the past and fail to explore new options, they are:

• A) perpetuating the status quo.
• B) being influenced by emotions.
• C) being overconfident.
• D) justifying past decisions.
• E) seeing what they want to see.

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Definitions:

Farm Program

A government initiative designed to support farmers through subsidies, price support, and other measures.

Farm Employment

Refers to jobs and labor involved in farming operations, including cultivation, planting, and harvesting of crops, as well as raising livestock.

Capital Use

Refers to how effectively a company or economy utilizes its capital resources, including equipment and machinery, for production.

Farmworker

An individual engaged in labor within the agricultural sector, typically involving crop cultivation and livestock rearing.