3.4 Influences on business decisions

Question 1

2 types of corporate timescales

Answer 1

short-termism
long-termism

Question 2

2 types of decision making

Answer 2

evidence-based
subjective

Question 3

2 corporate cultures

Answer 3

strong and weak

Question 4

4 classifications of company cultures

Answer 4

• power
• role
• task
• person

Question 5

ethics of decision making

Answer 5

trade-offs between profit and ethics