Explain the speed-thoroughness paradox of planning and decision making
What will be an ideal response?
Electronic communication has accelerated our life and managerial productivity. Managers are increasingly expected to be faster in their planning and decision making. Yet they also are expected to be thorough, which requires time. So full are some managers' schedules that they have less and less time for planning and decision making and must allocate part of their daily routine for important decisions. The demands of the present tend to crowd out the time needed to engage in short-term and long-term thinking.
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________ is information collected for the purpose of addressing a current research question
A) Primary data B) Secondary data C) Syndicated research D) Exploratory research E) Explanatory data
If you have $10,000 that you do not currently need for expenses and you wish to put it somewhere so that it will earn a return, which of the following financial institutions would you not choose?
A) Savings institution B) Finance company C) Securities firm D) Investment company