Decision Makers Tend to Rely on Their Implicit Favorite When

question 97

Multiple Choice

Decision makers tend to rely on their implicit favorite when:

• A)they are trying to determine the most appropriate decision style.
• B)they evaluate decision alternatives.
• C)they want to avoid escalation of commitment.
• D)they want to make more creative decisions.
• E)they don't have any alternatives to choose from, yet still want to make a decision.

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Definitions:

Minority Business Angels

Individual investors from minority groups who provide capital for small startups or entrepreneurs, often in exchange for ownership equity.

Investor Population

The demographic and psychographic composition of individuals or entities that invest in various types of assets.

United States

A country in North America, consisting of 50 states and a federal district, known for its economic and military power.

Entrepreneur Angels

Wealthy individuals who provide capital for startups, usually in exchange for ownership equity or convertible debt.