Podcast
Questions and Answers
Which one of the following is NOT a characteristic of a good decision according to the text?
Which one of the following is NOT a characteristic of a good decision according to the text?
- A good decision is accountable.
- A good decision is expensive. (correct)
- A good decision fosters opportunity.
- A good decision is systematic.
When does the text indicate that managers tend to use a qualitative approach to problem solving?
When does the text indicate that managers tend to use a qualitative approach to problem solving?
- When immediate decisions are needed.
- When the problem is simple and familiar. (correct)
- When the problem is complex and unfamiliar.
- When the costs involved are substantial.
Which of the following is NOT one of the steps in the decision-making process?
Which of the following is NOT one of the steps in the decision-making process?
- Evaluate the alternatives.
- Implement the decision.
- Generate the alternatives.
- Revise the list of solutions. (correct)
The text mentions that the $\text{Economic Order Quantity (EOQ)}$ model is used to calculate the:
The text mentions that the $\text{Economic Order Quantity (EOQ)}$ model is used to calculate the:
Which of the following is NOT a potential solution to the problem faced by the engineering manager?
Which of the following is NOT a potential solution to the problem faced by the engineering manager?
The text states that choice-making refers to the process of:
The text states that choice-making refers to the process of:
Which of the following is considered a strategic decision?
Which of the following is considered a strategic decision?
Which step in the rational decision-making process involves analyzing the internal and external environment?
Which step in the rational decision-making process involves analyzing the internal and external environment?
Which of the following statements about decision-making is correct?
Which of the following statements about decision-making is correct?
What is the purpose of the step in the rational decision-making process where viable alternatives are developed?
What is the purpose of the step in the rational decision-making process where viable alternatives are developed?
Which of the following is considered an external environmental factor in the decision-making process?
Which of the following is considered an external environmental factor in the decision-making process?
Which step in the rational decision-making process is considered the most important?
Which step in the rational decision-making process is considered the most important?
