It Is Important to Follow Up and Evaluate the Effectiveness

question 11

Multiple Choice

It is important to follow up and evaluate the effectiveness of a decision to

• A) ensure that the decision achieves the desired result.
• B) help eliminate satisficing.
• C) enable objective quantification of the decision.
• D) determine the feasibility of another alternative if the original decision proves ineffective.
• E) help eliminate bounded rationality.

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Definitions:

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.

Conventional

Consisting with or based on norms, standards, or practices that are widely accepted and established.

Social Responsibility

The ethical framework suggesting that individuals or organizations should act in a way that benefits society at large.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating behavior of the marketplace.