An inward belief about something, often without conscious consideration, is frequently referred to as what?
A) Intuition
B) Risk taking
C) Commitment
D) Discernment
E) Rationality
Answer: A
Explanation: A) Intuition is an innate belief about something, without conscious consideration. Managers sometimes decide to do something because it "feels right." Such an inner sense may help managers make an occasional decision without going through a full-blown rational sequence of steps.
You might also like to view...
What is the point of sending "for-your-information" messages, if they are not related to business information?
What will be an ideal response?
By indorsing a check, "Without recourse," Pat effectively disclaims both contractual and warranty liability
a. True b. False Indicate whether the statement is true or false
The two subcategories of quantitative methods are ______.
a. time series analysis and causal methods b. simple linear regression and multiple linear regression analysis c. exponential smoothing and seasonality techniques d. simple moving average and weighted moving average
When the management of a large grocery store heard that Target might be coming to town, they developed alternative courses of action they could take if their competitive landscape changed. What type of plan did they develop?
A. Strategic B. Objective C. Contingency D. Tactical E. Operational