Decision making where managers recognize and understand that the systematic use of the best available data will improve their management practices and decision making is called ________.
A)rational management
B)satisficing decision making
C)evidence-based management
D)innovative management

Question

Quizplus · Accepted Answer

Evidence-based management involves using the best available data to inform decision making, rather than relying solely on intuition or past experiences. This approach can improve the effectiveness and efficiency of management practices. Rational management also relies on systematic decision making, but may not necessarily prioritize the use of data. Satisficing decision making involves making decisions that are satisfactory, rather than trying to find the optimal solution. Innovative management involves finding new and creative solutions, but may not necessarily prioritize the use of data.

Decision Making Where Managers Recognize and Understand That the Systematic