Podcast
Questions and Answers
What are decision criteria?
What are decision criteria?
- Factors that are not related to the problem
- Factors important to resolving the problem (correct)
- Factors that are only relevant to the manager
- Factors that are unimportant to resolving the problem
When does a problem become a problem according to the text?
When does a problem become a problem according to the text?
- When it is related to financial issues
- When it is impossible to solve
- When a manager becomes aware of it (correct)
- When it affects the entire organization
What is the first step in the decision-making process?
What is the first step in the decision-making process?
- Developing alternative solutions
- Allocating weights to the criteria
- Identifying the problem (correct)
- Evaluating the decision's effectiveness
What is an example of decision criteria mentioned in the text?
What is an example of decision criteria mentioned in the text?
What is the final step in the decision-making process?
What is the final step in the decision-making process?
Which of the following is NOT mentioned as a characteristic of problems in the decision-making process?
Which of the following is NOT mentioned as a characteristic of problems in the decision-making process?
What is the first step in the decision-making process?
What is the first step in the decision-making process?
Which of the following is NOT mentioned as decision criteria in the text?
Which of the following is NOT mentioned as decision criteria in the text?
What is the final step in the decision-making process?
What is the final step in the decision-making process?
According to the text, when does a problem become a problem?
According to the text, when does a problem become a problem?
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Study Notes
Decision Criteria
- Decision criteria serve as benchmarks used to evaluate and select among options.
- Criteria may include cost, effectiveness, time, or stakeholder impact, reflecting the priorities of the decision-maker.
Problem Definition
- A situation becomes a problem when it presents a gap between the current state and a desired state, requiring resolution.
Decision-Making Process
- The first step in the decision-making process is identifying and defining the problem clearly.
- The final step involves evaluating the results of the decision and ensuring that the problem is resolved.
Examples of Decision Criteria
- Common examples of decision criteria include profitability, sustainability, and alignment with strategic goals.
Characteristics of Problems
- Some characteristics of problems in the decision-making process include ambiguity, complexity, and urgency.
- Decision criteria not mentioned may exclude elements that are situational or irrelevant to the assessment.
Summary of Steps
- The decision-making process begins with problem identification and concludes with the evaluation of outcomes, ensuring learning and improvement for future decisions.
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