Should Managers Rely on Intuition in Problem Solving

question 39

Multiple Choice

Should managers rely on intuition in problem solving?

• A)Yes.Most people systematically apply intuition to problem solving.
• B)No.Feelings have no place in management decision making.
• C)Yes.Those who track what they learn can effectively replicate the process in future.
• D)No.Those who use an inference ladder are more effective decision makers.
• E)Yes.Unconscious biases help people hasten their decision-making process.

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Definitions:

Selling Price

The amount of money for which a product or service is offered for sale to customers.

Standard Deviation

A statistical measure that represents the dispersion or variability of a set of data points or investment returns.

Returns

The profit or loss generated on an investment over a specified period, usually expressed as a percentage of the investment's initial cost.

ABS Loop

A system configuration in anti-lock braking systems allowing for continuous monitoring and modulation of brake pressure to prevent wheel lockup.