Which of These Statements About Information Processing in Decision Making

question 88

Multiple Choice

Which of these statements about information processing in decision making is FALSE?

• A)Decision makers typically look at alternatives at the same time rather than sequentially.
• B)Perceptual biases distort the selection and interpretation of information.
• C)Decision makers don't think through all of the possible alternatives and their outcomes.
• D)Decision makers engage in a limited search for and evaluation of alternatives.
• E)Decision makers compare each alternative against an implicit favouritE.

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Definitions:

Lead Time

The amount of time that elapses between the initiation and completion of a process, such as the time from placing an order to delivery.

Backup Supplier

A secondary source for goods or materials, used in case the primary supplier fails to deliver, to ensure continuity of supply in the production or distribution process.

Volume-Based

A pricing or measurement approach relying on the amount of goods sold or produced.

Efficient Facility

A production or service site designed to maximize productivity and reduce waste, costs, and inefficiency through optimal use of resources and technology.