Ramada Hotels operates hotels throughout Canada. Which of the following is the best example of a potential bias associated with its operations?
A) Managers assume that most travelers are interested in conducting business, rather than vacationing
B) Managers learn that guests rarely stay longer than a week
C) Managers find that last year's profits were below the industry average
D) Managers are concerned because employee turnover increased during the last year
Correct Answer:
Verified
Q55: Uncertainties and biases can affect:
I. Organizational vision
II.
Q56: Uncertainty may hinder a manager's ability to:
I.
Q57: Information gathered outside the organization includes:
A) Customer
Q58: How does the use of sophisticated information
Q59: Biases:
A) Are issues about which managers have
Q61: Relevant cash flows are:
A) Past cash flows
B)
Q62: Whether a given type of information is
Q63: Choosing and implementing a solution to a
Q64: Which of the following can influence ethical
Q65: Irrelevant information may be:
I. Useful in decision
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