Question: A manager's ability to make a decision based on past experience and a gut feeling is known as: Select one: a . a programmed decision.

A manager's ability to make a decision based on past experience and "a gut feeling" is known as:
Select one:
a. a programmed decision.
b. a heuristic
c. intuition
d. reasoned judgment
A manager's ability to make a decision based on past experience

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1.Which of the following is NOT a way to become an effective team leader? A. Have total control to spur commitment and allegiance B. Ensure roles are understood C. Rally people around a compelling...

Q:

A manager's ability to make a decision based on past experience and "a gut feeling" is known as: 1 . a programmed decision 2 . a nonprogrammed decision 3 . a heuristical decision 4 . an intuitive...

Q:

A managers ability to make a decision based on past experiencing gut feeling is known as a program decision reason judgment and non - program decision here is the cold decision tuition decision

Q:

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

Q:

Criteria Exemplary 6 points Accomplishe d 4.8 points Developing 3.6 points Beginning Minimum Below Standards 2.4 points 1.2 points Formulated, wrote, interpreted, argued, and evaluated...

Q:

Competitor Analysis: Understanding Competitors' Response profile. Denise Larsen thought intently about the two proposals that sat on her desk. As CEO of Western Connector Corp oration (WCC), she had...

Q:

Apple Inc: Performance in a Zero-Sum World Economy ON NOVEMBER1, 2010, JOHN TARPEY, SENIOR FINANCIAL ANALYST at a securities firm, was sitting at his conference table to begin the task of fully...

Q:

1.) According to bounded rationality theory, people make the best decisions when their perceptions are "bounded" or framed by past experience. Group of answer choices True False 2.) One school of...

Q:

Summarize the following chapter: (Basic elements of organizing) The Organizing Process organization.2 As you will see in this chapter, managing the basic frameworks that organizations use to get...

Q:

Summarize the following chapter in your words: (Basic elements of organizing) The Organizing Process organization.2 As you will see in this chapter, managing the basic frameworks that organizations...

Q:

Using the data in the table below, estimate the demand function for cod. Prices, dollar per pound Quantity, thousand pounds per day 1.90 1.5 1.35 2.2 1.25 4.4 1.20 5.9 0.95 6.5 0.85 7.0 0.73 8.8...

Q:

Economic development is an increase in per capita income and changes towards modernization. The changes towards modernization are an improvement in pro- ductivity, institutions and attitudes and a...

Q:

The break - even point is the point at which generated revenue is equal to Question 7 options: indirect fixed costs + variable costs total costs direct fixed costs Indirect fixed costs + direct fixed...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....