Question

____ states that managers tend to use the qualitative approach when:

1. The problem is fairly simple.
2. The problem is familiar.
3. The costs involved are not great.
4. Immediate decisions are needed.

Answer 1

Managers tend to use the qualitative approach in certain situations, such as when the problem is simple, familiar, costs are not great, and immediate decisions are needed.

Step-by-step explanation:

The subject of this question is Business and it is appropriate for High School level students.

The statement mentioned in the question refers to the use of the qualitative approach by managers in certain situations. These situations include:

1. The problem being fairly simple.
2. The problem being familiar.
3. The costs involved not being great.
4. Immediate decisions being needed.

In such cases, managers tend to rely on their experience, knowledge, and subjective judgment rather than quantitative data and formal analysis.