Many managers use ________ or rules of thumb to simplify their decision making.
A)heuristics
B)biases
C)instinct
D)errors
E)habits

Question

Quizplus · Accepted Answer

Heuristics are shortcuts or rules of thumb that simplify decision making. While they can be helpful in saving time and effort, they may not always result in the most optimal decision. Therefore, managers should be aware of the potential biases and limitations of using heuristics and balance them with rational analysis and data-driven decision making.

Many Managers Use ________ or Rules of Thumb to Simplify