Making Decisions by Drawing Comparisons Between New Situations and Past

question 2

Multiple Choice

Making decisions by drawing comparisons between new situations and past situations is the use of

• A) stereotypes.
• B) analogies.
• C) cognitive consistency.
• D) groupthink.

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Definitions:

Sales Revenue

The income received by a company from its sales of goods or the provision of services, before any costs or expenses are deducted.

Performance Perspectives

Performance Perspectives are various views and angles from which an organization’s performance can be assessed, often including financial, customer, internal processes, and growth aspects.

Strategic Objectives

High-level goals that are aligned with and support the organization's vision and mission, guiding its strategic direction.

Performance Metrics

Quantitative and qualitative measures used to assess, compare, and track performance or production over time.