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When There Is a Limited Amount of Information Available and a Decision

question 29

True/False

When there is a limited amount of information available and a decision must be made rather quickly,a supervisor is required to use intuition.

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Definitions:

External Forces

Factors outside an organization that affect its performance and strategies, including economic, political, technological, and social influences.

Situation Analysis

An assessment of the internal and external factors affecting an organization with the aim of identifying strengths, weaknesses, opportunities, and threats.

Distribution

The method of providing a product or service to consumers or business users who require it.

Hiring Freeze

A temporary halt in the recruitment of employees by an organization, usually due to financial constraints or organizational restructuring.

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