Decision makers must frequently make a difficult tradeoff between speed and accuracy.

Name: Decision makers must frequently make a difficult tradeoff between speed and accuracy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Decision makers often have to make quick decisions in order to be efficient, but this can come at the cost of accuracy. On the other hand, taking too much time to deliberate can lead to missed opportunities or unnecessary delays. Therefore, there is often a tradeoff between speed and accuracy in decision making.

Decision Makers Must Frequently Make a Difficult Tradeoff Between Speed