__________ Increase Managerial Effectiveness by Standardizing Many Routine Decisions and Clarifying

question 12

Multiple Choice

__________ increase managerial effectiveness by standardizing many routine decisions and clarifying the discretion managers and subordinates can exercise in implementing functional tactics.

• A) Outsourcing
• B) Standard operating procedures
• C) Corporate cultures
• D) Action plans

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Definitions:

Downward Counterfactual Thinking

The mental process of imagining worse alternatives to events that have already occurred, often leading to feelings of relief or contentment.

Illusion Of Control

A cognitive bias that leads individuals to overestimate their ability to control events.

Gambler's Fallacy

The incorrect belief that past random events can influence the likelihood of future random events, especially in the context of gambling.

Illusory Correlation

Recognizing a link between two variables where there is none in reality.