Managers use <u>evidence or data</u> in three different ways: to make a decision, to inform a decision, and to support a decision
Good decision-making capability is an essential trait of a competent manager. In addition to essential components like logical reasoning and consultation, evidence or data are indispensable to make, inform, and support a good decision.
This is effectuated in following ways: the decision that needs to be made is ascertained, then relevant data is gathered, the data is evaluated and interpreted, consultations are made, and finally managers decide on an option.
Evidence-based decision-making also conforms with essential principles like objectivity, transparency, and accountability, which are key to success of an organization.
To learn more about making decisions: brainly.com/question/13244895
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Answer
The correct answer is False
Explanation: An interest group is an organization made up of people who share at least one common interest and who work towards their goal.
Answer:
he taught millions to read, but no one to sin - Noah Webster
According to Adam Smith, the self-interest represents the personal gain of the individual and actions he takes in order accomplish that self interest. He was a staunch believer in the free market and was against government regulations because he thought that the free market would most benefit the individual and therefore the society. The competition is what makes the the manufacturers produce better products and more of them, while this will spur the costumers to buy those products. When many act in their own self interest, the market will give both to the manufacturers and the consumers.
