Rules of Thumb That Managers Use to Simplify Decision-Making Are

question 37

Multiple Choice

Rules of thumb that managers use to simplify decision-making are called __________.

• A) intuition
• B) heuristics
• C) rules
• D) policies
• E) procedures

---

Definitions:

Steps

Sequential phases or actions taken in order to achieve a particular end.

Marketing Plan

A comprehensive document or blueprint that outlines a company's advertising and marketing efforts for the coming year.

Source Of Problem

The origin or cause of an issue or difficulty faced in a system, process, or product.

Management By Exception

A management strategy where only significant deviations from set standards or objectives are brought to the attention of management.