Which of the Following Is a Characteristic of Management Decision

question 31

Multiple Choice

Which of the following is a characteristic of management decision makers?

• A) Their dominant concern is market performance.
• B) They prefer abstractions over information that allows for certainty.
• C) They tend to readily accept the information when they are surprised.
• D) Their dominant concern is to conduct continuous inquiries into market component changes.
• E) Their dominant concern is to ensure completeness by conducting prolonged investigations.

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Definitions:

Profit Margin

A ratio or percentage that measures the profitability of a business, calculated by dividing net income by revenue.

Investment Center

A segment or area of a business responsible for its own revenues, expenses, and investment in assets, often evaluated on its return on investment.

Authority

The ability or prerogative to issue commands, decide on matters, and compel adherence.

Decisions

The choices made by individuals or organizations among two or more alternatives.