Rational managerial decision making assumes that decisions are made in the best ________ interests of the organisation.
A)economic
B)payoff
C)statistical
D)revenue
E)budgetary

Question

Quizplus · Accepted Answer

Rational managerial decision making involves weighing the costs and benefits of different options and choosing the one that maximizes the economic interests of the organization. This means considering factors such as revenue, costs, and profits when making decisions. While other factors such as statistical analysis, budgets, and payoffs may also be important, economic considerations are typically the primary focus of managerial decision making.

Rational Managerial Decision Making Assumes That Decisions Are Made in the Best