ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which decision style is used by people who prefer simple, clear-cut solutions to problems?
A
analytical style
B
conceptual style
C
behavioral style
D
directive style
Explanation: 

Detailed explanation-1: -People who prefer simple, clear-cut solutions to problems use what style? directive style.

Detailed explanation-2: -People who prefer simple, clear-cut solutions to problems use the directive style. Brainstorming uses a face-to-face interactive group to spontaneously suggest as many ideas as possible for solving a problem.

Detailed explanation-3: -The directive decision-making style uses quick, decisive thinking to come to a solution. A directive decision-maker has a low tolerance for unclear or ambiguous ideas. They’re focused on the task and will use their own knowledge and judgment to come to a conclusion with selective input from other individuals.

Detailed explanation-4: -Bounded rationality: a decision-making process in which we attempt to satisfice rather than optimize due to constraints such as time, available information, and mental capacity. Our rationality is ‘bounded’ by these factors.

There is 1 question to complete.