Top Management Faces a Persistent Challenge to Make Sure That

question 12

Multiple Choice

Top management faces a persistent challenge to make sure that the performance evaluation model of lower level managers is

• A)focused on short-term performance.
• B)based solely on quantitative factors.
• C)not consistent with the decision model.
• D)consistent with the decision model.
• E)based only on future costs.

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Definitions:

Poor Information

Refers to scenarios where the data available for decision making is inadequate, inaccurate, or misleading.

Overall Set

The complete or total collection of elements, items, or objects under consideration.

Anchoring

The tendency people have to unconsciously base, or “anchor,” the valuation of an item they are currently thinking about on recently considered but logically irrelevant information.

Irrelevant Information

Information that has no bearing on the decisions being made, providing no value to the decision-making process.