In Deciding to Decide About a Problem or Opportunity, a Manager

question 58

Multiple Choice

In deciding to decide about a problem or opportunity, a manager should evaluate the importance of the situation, the credibility of the information, and

• A)the equitability of the outcomes.
• B)the availability of heuristics.
• C)the urgency of the situation.
• D)the cost of the solution.
• E)the ethics of making no change.

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Definitions:

Prices

The sum of money anticipated, needed, or provided as compensation for something.

Agreements

Mutual understandings or arrangements between two or more parties that create enforceable obligations or contracts.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at promoting fair competition by prohibiting certain business practices that could lead to monopoly or restraint of trade.

Price Discrimination

Charging different prices to different consumers for the same product or service, without a basis on different costs.