Rational Decision Making and Corrective Action Quiz

What should Doug consider if the chosen alternative implemented through rational decision making is not working?

What is the term used to describe difficulties that inhibit the achievement of goals?

Patricia, the owner of a floral shop, is approached by a successful global candle company. What does Patricia see in this opportunity?

In rational decision making, what are some possibilities to try if the chosen action is not working?

Which option represents a misconception about correcting a non-working alternative in decision making?

What distinguishes an opportunity from a problem in the context of decision making?

In the given scenario, Paula, the controller of Tasty Pizza, is following which decision-making model?

What is the primary reason behind managers like Paula not making an exhaustive search for the best alternative?

Chad and his partner, John, have decided to update their computer network despite having no expertise. What type of decision-making approach are they demonstrating?

When using the satisficing model, what criteria do managers typically use to select an alternative?

What term describes the phenomenon where managers settle for a satisfactory solution rather than spending time searching for the best alternative?

How does limited time availability affect decision-making processes according to the text?

In the third step of rational decision making, what questions should be considered when evaluating alternatives?

According to LouAnn DiCosmo, why do female investors make trades less often than men?

What is a key reason why female investors make trades less frequently than men according to the text?

When evaluating alternatives, what factors should be taken into account besides cost and quality?

What questions need to be answered when evaluating alternatives in the third step of rational decision making?

Why do women tend to base their investment decisions on factors beyond just numbers according to LouAnn DiCosmo?