18 Questions
Managerial decision-making is the process of choosing an alternative course of action that will solve a problem.
True
Recurring situations are best handled with non-programmed decision making.
False
Risk involves unknown outcomes and possibilities.
False
Uncertainty in decision making means that outcomes are predictable.
False
The managerial decision-making model involves setting objectives and criteria as the first step.
False
Generating creative alternatives is not a crucial step in the managerial decision-making model.
False
Managers at different levels and positions have the same set of skills and duties.
False
The crisis has no impact on management processes and skills.
False
Adaptive management structures are not necessary during times of crisis.
False
Crisis situations do not require managers to enhance their leadership skills.
False
Ambition is not a relevant trait for managers to possess during crisis management.
False
Effective crisis management does not involve paying attention to external factors that may impact the business.
False
Managerial decision-making is the process of selecting an alternative course of action that may not necessarily solve a problem.
False
Recurring situations can be handled with non-programmed decision making.
False
Risk is unpredictable, and the possible outcomes are unknown.
False
Non-programmed decisions are best suited for routine situations.
False
Uncertainty implies that the outcome of alternatives is predictable.
False
Managing is primarily about avoiding disruption and unexpected challenges.
False
This quiz explores the ideas presented in a video regarding management processes, skills, and duties at different levels. It also delves into how crises impact management, factors of production, the economy, and the global business environment, with a focus on areas managers should prioritize during such times. Sources include Harvard Business School Module 1 by Dr. Johannes A. Asel.
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