Decision-Making Models and Theories
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Questions and Answers

What is the primary goal of decision-making?

  • To maximize economic incentives
  • To follow orderly and rational steps
  • To resolve problems or make choices (correct)
  • To incorporate individual biases

    • Which decision-making model assumes that people are motivated by economic incentives?

  • Emotional model
  • Rational model (correct)
  • Incremental model
  • Heuristic model

    • What is the first step in the decision-making process?

  • Choose an appropriate alternative
  • Develop alternative responses
  • Identify the need for a decision (correct)
  • Implement the chosen alternative

    • Which decision-making model is characterized by a highly personalized and subjective process?

    <p>Heuristic model</p> Signup and view all the answers

    What is the primary limitation of the incremental model?

    <p>Rationality has a marginal effect</p> Signup and view all the answers

    What is the final step in the decision-making process?

    <p>Implement the chosen alternative</p> Signup and view all the answers

    What is a characteristic of a synoptic decision maker?

    <p>They have a firm grasp of available alternatives and make the best choices.</p> Signup and view all the answers

    What is cognitive nearsightedness in decision-making?

    <p>Making decisions that satisfy immediate needs but neglecting long-term consequences.</p> Signup and view all the answers

    Which quality of a good decision maker involves taking personal responsibility for ensuring decisions are made?

    <p>Catalytic</p> Signup and view all the answers

    What is the primary goal of decision-making?

    <p>To use information to resolve problems or make choices</p> Signup and view all the answers

    What is a common error in decision-making where individuals assume that the future will be similar to the past?

    <p>Assumption that the future will repeat the past</p> Signup and view all the answers

    What is a characteristic of a skill-directed decision maker?

    <p>They have a try and see attitude</p> Signup and view all the answers

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