Which of the Following Statements Is True About Intangible Standards

question 79

Multiple Choice

Which of the following statements is true about intangible standards?

• A)Intangible standards are targets for results that have no physicalform.
• B)Intangible standards can be very easily expressed in numerical orprecise terms.
• C)Intangible standards are performance targets for results that are identifiable and measurable.
• D)Intangible standards can be set to measure such things as quantity of output, quality of output, and the like.

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Definitions:

Availability Heuristic

Availability heuristic is a mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.

Anchoring and Adjustment

A psychological heuristic where initial information serves as a reference point for subsequent judgments and decisions.

Satisficing

is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.

Decision Making Process

A structured approach that involves identifying and evaluating choices to determine the best course of action for solving problems or achieving objectives.