______________ often referred to as "rules of thumb," are commonly accepted guidelines or procedures that usually lead to a good decision.

Related MCQs

• The component of a decision support system that provides decision makers access to a variety of models and assists them in decision making is called the ______________.
• Decision support systems usually:
• ______________. focuses on planning, policies, and procedures regarding the use of corporate data and information.
• Which of the following level of managers develop short-and medium-range plans, schedules, and budgets and specify the policies, procedures, and business objectives for their sub – units of the company?
• _________ contain the rules and regulations of the company.
• _______ document contains the rules, regulations and bye-laws for the internal management of the company.
• Articles of Association adopt the rules and regulations contained in _______ of schedule 1 of the Companies Act.
• Decision trees could be represented in different ways such as
• Using ______________ a decision maker can make hypothetical changes to problem data and observe the impact on the results
• ______________ is an awareness and understanding of a set of information and ways that information can be made useful to support a specific task or reach a decision