Jane,a Manager at an IT Firm,likes to Focus on Facts

question 49

Multiple Choice

Jane,a manager at an IT firm,likes to focus on facts when making decisions.When she faces a well-defined problem and has all the information regarding the possible action alternatives as well as their consequences,she is most likely to make an) ________ decision that gives the best possible solution for a problem.

• A)intuitive
• B)optimizing
• C)satisficing
• D)heuristic
• E)experimental

---

Definitions:

Unit Cost

The cost incurred to produce, store, and sell one unit of a product or service.

Bertrand Model

An economic model that describes interactions between firms that compete by setting prices, assuming products are perfect substitutes.

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service, often considered for decision-making in production and pricing strategies.

Constant Returns

A situation in which increasing inputs in production results in a proportional increase in output.