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Decision-Making Process Overview

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Questions and Answers

What occurs when a manager becomes aware of a problem?

The problem automatically resolves itself.

The decision-making process is initiated. (correct)

The problem is officially recognized.

The problem becomes urgent due to external pressure.

Which of the following best describes 'decision criteria'?

Factors considered irrelevant in resolving issues.

Only the costs incurred in a decision.

Factors important for resolving a problem. (correct)

Outcomes that are guaranteed from the alternatives.

Why is it important to allocate weights to decision criteria?

To eliminate less relevant criteria from consideration.

To ensure all criteria hold equal significance.

To simplify the decision-making process.

To prioritize the criteria according to their importance. (correct)

What is the purpose of analyzing alternatives in the decision-making process?

To evaluate each alternative's strengths and weaknesses. Signup and view all the answers

Which step in the decision-making process involves putting the chosen alternative into action?

Implementing the alternative. Signup and view all the answers

What critical factor must a manager have to effectively solve a problem?

A clear understanding of the desired outcomes. Signup and view all the answers

What is the main goal of the final step in the decision-making process?

To judge the soundness of the decision based on outcomes. Signup and view all the answers

Which of the following is NOT a characteristic of a problem in decision-making?

A state of being that persists without intervention. Signup and view all the answers

Study Notes

Decision-Making Process Overview

Decision-making involves choosing from multiple options.
A structured process helps improve decision quality.

Problem Identification

A problem arises when a desired state differs from the current one.
Manager awareness, pressure to solve, and necessary resources drive problem recognition.

Decision Criteria

Decision criteria are factors considered essential to problem resolution.
Criteria examples include cost, risk, and desired outcomes.

Weighting Criteria

Criteria are not equally important.
Assigning weights prioritizes criteria in the decision-making process.

Alternative Development

Generating all possible solutions to the problem, without evaluation, is crucial.

Alternative Analysis

Assessing each alternative's strengths and limitations based on identified criteria and weights.

Alternative Selection

Choosing the best alternative based on its weighted criteria value, selecting the alternative with the highest score.

Implementation

Putting the chosen solution into action and gaining commitment for execution.

Evaluation

Assessing the decision's effectiveness by evaluating the results of the chosen alternative.
Evaluating whether the problem was resolved and understanding reasons for failures if any.

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Description

This quiz explores the structured decision-making process, including problem identification, criteria weighting, and analyzing alternatives. Understand the steps involved in making effective decisions within a managerial context.