Some of the Variables That Determine Which Decision Is Made

question 12

Multiple Choice

Some of the variables that determine which decision is made where include:

• A) product and equipment.
• B) competence of subsidiary.
• C) state-of-the-art communication networks.
• D) two of the above.
• E) all of A, B, and C.

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Definitions:

Algorithms

Fixed, step-by-step procedures for solving problems or completing tasks, often used in computing and mathematical operations for guaranteed solutions.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, not always leading to the most accurate conclusions.

Shortcut Strategies

Methods or techniques used to solve problems or make decisions more efficiently by reducing the cognitive load.

Inductive Reasoning

A method of reasoning in which conclusions are drawn from specific examples or evidence, moving from the particular to the general.