Dealing with the fact that certain aspects of any management situation are more important than others is called:
A)analysis of trade-offs.
B)sensitivity analysis.
C)establishing priorities.
D)analysis of variance.
E)decision analysis.

Question

Quizplus · Accepted Answer

Establishing priorities involves determining which aspects of a management situation are most important, and therefore should be given the most attention and resources. This allows managers to focus on what matters most and make informed decisions about how to allocate resources and address issues. Analysis of trade-offs, sensitivity analysis, analysis of variance, and decision analysis are all related concepts but do not specifically address the issue of prioritization.

Dealing with the Fact That Certain Aspects of Any Management