Nonroutine Decisions Made in Response to Novel Situations in Business

question 18

Multiple Choice

Nonroutine decisions made in response to novel situations in business are known as ________________ decisions.

• A) intuitive
• B) creative
• C) programmed
• D) heuristic
• E) nonprogrammed

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Definitions:

Labor Unions

Organizations formed by workers from related fields that work for the collective rights of the members, including better wages, working conditions, and benefits.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate.

Wages

Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.

Landscaping Workers

Individuals engaged in the modification of visible features of an area of land, including living elements like flora and the shaping of landscapes.