Questions and Answers
What is the first stage in the rational decision-making process?
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Which factor is NOT considered during the evaluation of alternatives in the rational decision-making process?
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What is a common criticism of the rational decision-making model related to decision makers?
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Why do decision makers often face challenges in implementing decisions?
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What aspect of decision making can significantly deviate from purely rational considerations?
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Which is a key consideration in stage 3 of rational decision making?
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What model of decision making assumes managers will make logical decisions that benefit the organization?
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In nonrational decision making, what do managers find difficult?
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What are some factors that can limit decision makers' ability to make purely rational decisions?
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How does the real-world differ from the assumptions of the rational decision-making model?
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What is emphasized in the Intuition Model for decision making?
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What type of intuition in decision making is based on expertise and knowledge that an individual possesses?
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