Decision Making

What must businesses consider when making decisions due to uncertainty?

• The location of their headquarters

• The number of employees

• The risk and potential consequences

• The color of their logo

Who typically makes tactical decisions in a company?

• The CEO

• Middle managers

• Interns

• The board of directors

What is a potential downside of relying too much on data for decisions?

• It can be too colorful

• It is always correct

• It is too fast

• It might be outdated or inaccurate

What do strategic decisions often rely on besides data?

• Managerial experience and intuition

• The type of coffee served

• The weather

• The color of the office walls

Which factor is NOT mentioned as influencing business decisions?

• The CEO's favorite color

• Corporate social responsibility

• Mission objectives

• Resource constraints