If a Manager Is Making a Decision for Which No

question 73

Multiple Choice

If a manager is making a decision for which no ready-made solutions exist because the situation is unique, he/she is making a(n) :

• A) programmed decision.
• B) strategic decision.
• C) empowered decision.
• D) nonprogrammed decision.

---

Definitions:

Blackjack

A casino card game where players attempt to reach a hand value as close to 21 as possible without exceeding it.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data values.

Risk-averse

Refers to the preference of an individual or entity to avoid risk rather than facing it, often choosing options with more predictable and less risky outcomes.

Expected Income

The amount of money one anticipates earning over a certain period, factoring in various possible outcomes.