10 Questions
Which of the following is the definition of decision making?
The act of choosing one alternative from among a set of alternatives
What is the main objective of an effective decision?
To optimize some set of factors such as profits, sales, employee welfare, and market share
Which of the following is an example of a programmed decision?
Starting your car in the morning
What distinguishes a nonprogrammed decision from a programmed decision?
Nonprogrammed decisions are relatively unstructured and occur much less often than programmed decisions
What are the sources of complexity for today's managerial decision makers?
Multiple criteria, intangibles, risk and uncertainty, long-term implications, interdisciplinary input, pooled decision making, and value judgments
Which type of decision is relatively unstructured and occurs much less often than a programmed decision?
Nonprogrammed decision
What is the process of recognizing and defining the nature of a decision situation, identifying alternatives, choosing the 'best' alternative, and putting it into practice called?
Decision-making process
Which type of decision is a fairly structured decision or recurs with some frequency or both?
Programmed decision
What are some factors that an effective decision optimizes?
Profits, sales, employee welfare, and market share
What types of decisions do managers make?
Both problems and opportunities
Test your knowledge on the sources and nature of complexity in managerial decision making with this quiz. Explore the multiple criteria, intangibles, risk and uncertainty, long-term implications, interdisciplinary input, pooled decision making, and value judgments that decision makers face. Understand the process of decision making and how it involves recognizing and defining alternatives.
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