An Important Element in Making Decisions Using Evidence-Based Management (EBMgt)

question 119

Multiple Choice

An important element in making decisions using evidence-based management (EBMgt) is to consider ______________.

• A) using the rational decision making process
• B) applying design thinking to problems
• C) opinions, preferences and values of all stakeholders
• D) alternatives that are good enough for the situation
• E) using linear thinking style

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Definitions:

Tax On Imports

A financial charge imposed by a government on goods imported into a country to regulate trade and raise revenue.

Export Restriction

Export restriction is a policy imposed by governments to limit or control the export of certain goods, services, or technology, often for political, economic, or environmental reasons.

Nontariff Barrier

Refers to any restriction, other than tariffs, that is used by countries to control the amount of trade across their borders, including quotas, embargoes, or regulations.

Trade Embargo

A government-imposed restriction on trade with a specific country or the exchange of specific goods.