In Intuitive Decision Making,managers ________

question 109

Multiple Choice

In intuitive decision making,managers ________.

• A)often tend to ignore their feelings or emotions
• B)use data from their subconscious mind to help make their decisions
• C)use available evidence to improve their decision-making skills
• D)ask for opinions and values of other stakeholders

---

Definitions:

High Variation

Refers to a wide range of values or outcomes within a set of data, indicating significant differences or fluctuations.

Low Variation

The characteristic of data or a set of values where the differences between the values are minimal, showing consistency.

P-value

The probability that observed data could have occurred by chance under a null hypothesis. It's used in hypothesis testing to determine statistical significance.

Empirical Economics

The collection and use of data to test economic theories.