Managers must rely on their ______ to make the best decision when faced with uncertainty and ambiguity.
A) intuition and judgement
B) cognitive biases
C) bounded rationality
D) escalating commitment
E) illusion of control

Question

Quizplus · Accepted Answer

Intuition and judgement are often used by managers when faced with uncertainty and ambiguity. These skills are based on past experiences, knowledge, and understanding of the situation, and can help managers make the best decision under uncertain circumstances. Cognitive biases, bounded rationality, escalating commitment, and illusion of control can all lead to flawed decision-making processes and should be avoided.

Managers Must Rely on Their ______ to Make the Best