Econ 102

The document discusses the differences between leadership and management in the context of new product development. It explores the unique roles and responsibilities of leaders and managers in this process and how their distinct skill sets can complement each other to achieve success. The document may also delve into case studies or real-world examples to illustrate the concepts presented.

ECON 102 CH5 DECISION MAKING, LEARNING, CREATIVITY, AND ENTREPRENEURSHIP Multiple Choice Questions ( ch5) 31. The process by which managers respond to opportunities and threats facing their organization by analyzing options and taking actions is known as: A) brainstorming B) intuition C) decision making D) bounded rationality E) heuristics Answer: C Page: 219 Difficulty: Easy Learning Objective: 1 32. Managers make decisions when they are involved in which managerial function? A) Plann...