Gregory Was Talking with Tom,his Assistant Manager,saying,"When I Make a Decision

question 17

Multiple Choice

Gregory was talking with Tom,his assistant manager,saying,"When I make a decision on which employee to pick to do a project,I use three simple factors,which I call my decision making "rules of thumb." I consider their attitude and knowledge,and how hard they work." Gregory's rules of thumb,which he uses in decision making,are known as _____.

• A)thought steps
• B)decision steps
• C)planning model
• D)the domino effect
• E)heuristics

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Definitions:

Vision

A forward-looking statement or concept that outlines what an organization aspires to achieve in the future, guiding its strategic decisions and direction.

Product's Price

The monetary value assigned to a product by a company, reflecting costs, market demand, and competitive pricing, which consumers are expected to pay to acquire it.

Value

Reflects the relationship of benefits to costs, or what the consumer gets for what he or she gives.

Quality

A measure of excellence or a state of being free from defects, deficiencies, and significant variations, brought about by strict and consistent adherence to measurable and verifiable standards to achieve uniformity of output that satisfies specific customer or user requirements.