Decision Making Principles and Challenges Quiz
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Questions and Answers

What is rational decision-making characterized by?

  • Emotional and impulsive choices
  • Logical and consistent choices while maximizing value (correct)
  • Hasty and uninformed choices
  • Random and arbitrary choices

    • What is decision making?

  • A process of randomly choosing an alternative
  • A process of avoiding choices and problems
  • A process of identifying and selecting a course of action to solve a problem (correct)
  • A process of delegating choices to organizational members

    • What does bounded rationality refer to?

  • Random decision-making without any boundaries
  • Irrational decision-making unconstrained by individual limitations
  • Rational decision-making limited by an individual's ability to process information (correct)
  • Emotional decision-making unconstrained by logic

    • Who makes decisions in an organization according to the text?

    <p>All organizational members</p> Signup and view all the answers

    What is satisfice in the context of decision making?

    <p>Accepting solutions that are satisfactory and sufficient</p> Signup and view all the answers

    Define decision making.

    <p>Decision making is a process of identifying and selecting a course of action or alternative to solve a specific problem.</p> Signup and view all the answers

    Identify the principles of decision making.

    <p>The principles of decision making include rational decision-making, bounded rationality, and satisfice.</p> Signup and view all the answers

    Explain and differentiate group in decision making.

    <p>Group decision making involves multiple individuals contributing to the decision-making process, while individual decision making is made by a single person. Group decision making can involve various methods such as voting, brainstorming, and consensus building.</p> Signup and view all the answers

    Explain the types and conditions of decision making.

    <p>The types of decision making include rational decision-making, bounded rationality, and satisfice. The conditions of decision making involve evaluating alternatives and making a summary from the list of alternatives.</p> Signup and view all the answers

    Elaborate on the challenges in decision making process.

    <p>The challenges in the decision-making process can include limited ability to process information (bounded rationality), the need to act rationally, and the acceptance of satisfactory solutions (satisfice).</p> Signup and view all the answers

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