Decision-Making and Constitutive Decisions in Business Quiz
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Questions and Answers

Which type of decision defines the long-term framework for all subsequent decisions within a company?

  • Constitutive decision (correct)
  • Elemental decision
  • Decision involving a choice between alternatives
  • Status quo decision
  • What is the aim of a decision?

  • To establish a company
  • To make elemental decisions
  • To maintain the status quo
  • To select the alternative with the greatest possible utility (correct)
  • When are constitutive decisions made?

  • When establishing a company
  • When maintaining the status quo
  • When making elemental decisions
  • Throughout the life of a company (correct)
  • What do constitutive decisions refer to?

    <p>Elemental issues when establishing a company</p> Signup and view all the answers

    Which of the following best describes constitutive decisions?

    <p>Decisions that define the long-term framework for all subsequent decisions within a company</p> Signup and view all the answers

    What is the purpose of making a decision?

    <p>To select the alternative with the greatest possible utility</p> Signup and view all the answers

    What are the alternatives involved in a decision?

    <p>Choices between at least two alternatives</p> Signup and view all the answers

    When are constitutive decisions made?

    <p>When establishing a company</p> Signup and view all the answers

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