00:01
Which of the following is important in making managerial decisions? a, analyzing the number of competitors to decide an optimal output and pricing.
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B, understanding the psychology, the consumers to aid in developing a marketing strategy.
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C, getting updates on government regulations and policies so the manager can violate the rules without being caught.
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D, a, and b are important.
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E, a, b, and c are important.
00:27
The correct answer here is d.
00:30
A and b are important.
00:32
The first half of c is correct.
00:34
Getting updates on government regulations and policies is important, but it's not so that the manager can violate the rules without being caught so that they can make sure they are abiding by the rules.
00:44
So we're going to rule out c because we're not encouraging managers to violate rules without being caught...