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.

Understand how government policies, such as excise taxes, can influence market outcomes and efficiency.

Explore the effect of removing excise taxes on market surplus and government revenue.

Understand the effect of taxes on the burden shared between employers and employees.

Analyze how the elasticity of demand and supply influences the outcomes of tax policies.