Managers That Must Analyze Data from 500 Hotels to Determine

question 134

Multiple Choice

Managers that must analyze data from 500 hotels to determine when to discount rooms based on occupancy patterns would be placed in which category for managerial decision-making challenges?

• A)Managers need to analyze large amounts of information.
• B)Managers must make decisions quickly.
• C)Managers must apply sophisticated analysis techniques, such as Porter's strategies or forecasting, to make strategic decisions.
• D)All of these are correct.

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Definitions:

Decision-Making Process

A systematic approach to making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Make An Argument

Refers to the process of giving one or more reasons in support of a claim.

Argument Analysis

The process of evaluating an argument by examining its structure, validity, and logical coherence.

Mapping

The process of representing or outlining the relationship between elements in a space or concept.