Podcast
Questions and Answers
Managerial decision-making is the process of choosing an alternative course of action that will solve a problem.
Managerial decision-making is the process of choosing an alternative course of action that will solve a problem.
True (A)
Recurring situations are best handled with non-programmed decision making.
Recurring situations are best handled with non-programmed decision making.
False (B)
Risk involves unknown outcomes and possibilities.
Risk involves unknown outcomes and possibilities.
False (B)
Uncertainty in decision making means that outcomes are predictable.
Uncertainty in decision making means that outcomes are predictable.
The managerial decision-making model involves setting objectives and criteria as the first step.
The managerial decision-making model involves setting objectives and criteria as the first step.
Generating creative alternatives is not a crucial step in the managerial decision-making model.
Generating creative alternatives is not a crucial step in the managerial decision-making model.
Managers at different levels and positions have the same set of skills and duties.
Managers at different levels and positions have the same set of skills and duties.
The crisis has no impact on management processes and skills.
The crisis has no impact on management processes and skills.
Adaptive management structures are not necessary during times of crisis.
Adaptive management structures are not necessary during times of crisis.
Crisis situations do not require managers to enhance their leadership skills.
Crisis situations do not require managers to enhance their leadership skills.
Ambition is not a relevant trait for managers to possess during crisis management.
Ambition is not a relevant trait for managers to possess during crisis management.
Effective crisis management does not involve paying attention to external factors that may impact the business.
Effective crisis management does not involve paying attention to external factors that may impact the business.
Managerial decision-making is the process of selecting an alternative course of action that may not necessarily solve a problem.
Managerial decision-making is the process of selecting an alternative course of action that may not necessarily solve a problem.
Recurring situations can be handled with non-programmed decision making.
Recurring situations can be handled with non-programmed decision making.
Risk is unpredictable, and the possible outcomes are unknown.
Risk is unpredictable, and the possible outcomes are unknown.
Non-programmed decisions are best suited for routine situations.
Non-programmed decisions are best suited for routine situations.
Uncertainty implies that the outcome of alternatives is predictable.
Uncertainty implies that the outcome of alternatives is predictable.
Managing is primarily about avoiding disruption and unexpected challenges.
Managing is primarily about avoiding disruption and unexpected challenges.
