The Creative Decision-Making Process

question 112

Multiple Choice

The creative decision-making process

• A)describes a series of steps that decision makers should consider if their goal is to maximize their outcome and make the best choice.
• B)recognizes the limitations of decision making processes by having individuals knowingly limit their options to a manageable set and choose the best alternative without conducting an exhaustive search of alternatives.
• C)refers to arriving at decisions without conscious reasoning,arguing that experts make decisions by scanning the environment for cues to recognize patterns.
• D)refers to arriving at decisions after first gathering information about the problem and then setting the problem consciously aside until an insightful solution to the problem arises.

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Definitions:

Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Costs Of Production

The total expenses incurred in manufacturing a product or delivering a service.

Venture Capital Funds

Pools of capital that are used to invest in high-growth, high-potential startup companies in exchange for equity stakes.

Risk

The possibility of loss or adverse outcomes resulting from external events or actions.