Asked by Hailey Mccarthy on Jul 19, 2024
Verified
____________ is(are) a factor(s) that managers consider during decision making if they realize that you cannot always predict the results of purposeful action.
A) Forecasting myopia
B) The law of unintended consequences
C) Feng shui
D) Value judgements
E) Interdisciplinary input
The Law of Unintended Consequences
The principle that actions, especially those taken on a large scale, can have unanticipated and often undesirable effects.
- Outline the differences among decision-making environments such as certainty, risk, and uncertainty.
Verified Answer
KS
keshav sharmaJul 25, 2024
Final Answer :
B
Explanation :
The law of unintended consequences refers to the idea that an action can have unforeseen and unintended consequences that may affect the outcome of a decision. This is an important factor for managers to consider because it emphasizes the need to anticipate and prepare for potential unintended consequences of their decisions. A and D are not directly related to this concept. C and E are not common factors in managerial decision making.
Learning Objectives
- Outline the differences among decision-making environments such as certainty, risk, and uncertainty.
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