Question: I need help with these management information systems questions: 1) As a business environment becomes more uncertain, what actions might managers take to navigate the
I need help with these management information systems questions:
1) As a business environment becomes more uncertain, what actions might managers take to navigate the situation?
A) Not make any plans because the environment is uncertain
B) Monitor and periodically reassess the situation, making adjustments as necessary
2) What is satisficing?
A) accepting the first solution presented, rather than continuing to search for an optimal solution
B) accepting satisfactory alternatives, rather than continuing to search for an optimal solution
C) accepting an optimal solution
D) accepting unsatisfactory alternatives
3) When is satisficing an appropriate decision making method?
A) When the likely payoff outweighs the cost of delaying the decision
B) Never
C) Always
D) When there is no cost to delaying the decision
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