Podcast
Questions and Answers
What is the definition of a decision in management?
What is the definition of a decision in management?
- Choosing between one alternative
- A choice among two or more alternatives (correct)
- A decision made without any information
- Making a choice based solely on intuition
There are seven steps in the decision-making process.
There are seven steps in the decision-making process.
False (B)
Name one technique that can be used to stimulate innovation.
Name one technique that can be used to stimulate innovation.
Brainstorming
A key to success in management is knowing how to be an effective __________.
A key to success in management is knowing how to be an effective __________.
Match the following decision-making factors with their descriptions:
Match the following decision-making factors with their descriptions:
Which of the following correctly describes one of the ways managers make decisions?
Which of the following correctly describes one of the ways managers make decisions?
Decision-making processes are only applicable in corporate settings.
Decision-making processes are only applicable in corporate settings.
How many steps are outlined in the decision-making process?
How many steps are outlined in the decision-making process?
What is the first step in the decision-making process?
What is the first step in the decision-making process?
Identifying decision criteria is the last step of the decision-making process.
Identifying decision criteria is the last step of the decision-making process.
What are decision criteria?
What are decision criteria?
The decision-making process starts when a problem is identified, which is a discrepancy between an existing condition and a __________ condition.
The decision-making process starts when a problem is identified, which is a discrepancy between an existing condition and a __________ condition.
Which of the following is NOT a relevant criterion mentioned for Amanda's computer purchase?
Which of the following is NOT a relevant criterion mentioned for Amanda's computer purchase?
Match the steps of the decision-making process with their descriptions:
Match the steps of the decision-making process with their descriptions:
Why is it necessary to allocate weights to the criteria in decision-making?
Why is it necessary to allocate weights to the criteria in decision-making?
Relevant criteria are always equally important in the decision-making process.
Relevant criteria are always equally important in the decision-making process.
Which of the following situations describes certainty in decision-making?
Which of the following situations describes certainty in decision-making?
Nonprogrammed decisions are made for structured problems.
Nonprogrammed decisions are made for structured problems.
What type of decision is characterized by repetitive routines?
What type of decision is characterized by repetitive routines?
In a situation of _____, a manager can estimate the likelihood of certain outcomes.
In a situation of _____, a manager can estimate the likelihood of certain outcomes.
Which of the following describes nonprogrammed decisions?
Which of the following describes nonprogrammed decisions?
Match the following decision-making conditions with their definitions:
Match the following decision-making conditions with their definitions:
Under uncertainty, managers can make accurate probability estimates.
Under uncertainty, managers can make accurate probability estimates.
What should the independent investigating team first engage in?
What should the independent investigating team first engage in?
What are the two main techniques for stimulating innovation?
What are the two main techniques for stimulating innovation?
The leader of the investigation team proposed to suspend the project based on rational analysis.
The leader of the investigation team proposed to suspend the project based on rational analysis.
What was the leader's emotional response to the train crash?
What was the leader's emotional response to the train crash?
The investigation team is tasked with analyzing the _____ situation regarding the high-speed train.
The investigation team is tasked with analyzing the _____ situation regarding the high-speed train.
Which type of decision-making does the leader's actions best represent?
Which type of decision-making does the leader's actions best represent?
Match the decision-making types with their descriptions:
Match the decision-making types with their descriptions:
After a severe train crash and service failures, the Central Government formed an _____ investigating team.
After a severe train crash and service failures, the Central Government formed an _____ investigating team.
What is the main goal of the independent investigating team?
What is the main goal of the independent investigating team?
What type of decisions are characterized by structured problems and clear, specific goals?
What type of decisions are characterized by structured problems and clear, specific goals?
Nonprogrammed decisions are more often associated with lower managerial levels.
Nonprogrammed decisions are more often associated with lower managerial levels.
What is the primary reliance for nonprogrammed decisions?
What is the primary reliance for nonprogrammed decisions?
A decision-making situation where the manager has neither certainty nor reasonable probability estimates is termed __________.
A decision-making situation where the manager has neither certainty nor reasonable probability estimates is termed __________.
Match the following decision-making conditions with their definitions:
Match the following decision-making conditions with their definitions:
Which characteristic is NOT associated with programmed decisions?
Which characteristic is NOT associated with programmed decisions?
The goals of nonprogrammed decisions are typically clear and specific.
The goals of nonprogrammed decisions are typically clear and specific.
How would you describe the frequency of nonprogrammed decisions?
How would you describe the frequency of nonprogrammed decisions?
Study Notes
Decision Making Process
- Identifying a Problem: A discrepancy between an existing and a desired condition.
- Identifying Decision Criteria: Factors important for resolving the problem.
- Allocating Weights to the Criteria: Prioritizing criteria based on importance.
- Developing Alternatives: Creating possible solutions to the problem.
- Analyzing Alternatives: Evaluating each alternative based on the weighted criteria.
- Selecting an Alternative: Choosing the best alternative based on the analysis.
- Implementing the Decision: Putting the chosen alternative into action.
- Evaluating the Decision: Assessing the effectiveness of the chosen alternative.
Types of Decisions
- Programmed Decisions: Repetitive decisions handled by routine approaches, used for straightforward problems.
- Example: Ordering supplies from a regular vendor.
- Nonprogrammed Decisions: Unique decisions requiring custom solutions, used for new or unusual problems.
- Example: Developing a new product line.
Decision-Making Conditions
- Certainty: All outcomes of a decision are known, making accurate decisions possible.
- Risk: The likelihood of certain outcomes can be estimated.
- Uncertainty: Outcomes are unknown and probability estimates are unreliable.
Stimulating Innovation
- Creativity: Ability to combine ideas in a new way.
- Innovation: Putting creative ideas into action.
Intuitive Decision Making
- Affect-Initiated Decisions: Decisions driven by emotions or feelings.
- Cognitive-Based Decisions: Decisions based on reasoning and logic.
- Experience-Based Decisions: Decisions relying on past experiences.
- Subconscious Mental Processing: Decisions made without conscious awareness.
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Description
Test your understanding of the decision making process and types of decisions. This quiz covers identifying problems, criteria, alternatives, and evaluation methods. Challenge yourself with real-life examples and deepen your decision-making skills.
