Home Library Explore SAT

Home Library Explore SAT

Ch 2 - Making Decisions Flashcards | StudBud

Explore/Ch 2 - Making Decisions

Managers typically make decisions based on:

According to the slides, which of these is an example of a structured problem?

Ch 2 - Making Decisions

5 terms·StudBud Administration·53 plays

Imported from external platform

Flashcards5 cardsFPractice quizPHost liveL

Questions 5

Answers

1
According to the slides, which of these is an example of a structured problem?
b) Choosing between two new software programs for the company
c) Determining how to handle a data security breach
d) Building a new factory in a foreign country
a) Deciding on a new marketing strategy
2
Managers typically make decisions based on:
a) Emotions only
b) Pure logic
c) A combination of rationality and limitations
d) Intuition alone
3
Which of the following is the first step in the decision-making process according to the passage?
d) Evaluate the decision effectiveness
c) Identify the problem
a) Identify the alternative solutions
b) Develop a list of criteria
4
Big data and artificial intelligence are considered to be:
b) Cutting-edge decision-making aids
d) Only applicable to small businesses
a) Traditional decision-making tools
c) Obsolete methods for problem-solving
5
What is the main drawback of relying solely on heuristics or “rules of thumb” for decision making?
a) They can be time-consuming to implement.
d) They are not creative enough.
c) They require a high level of expertise.
b) They may lead to errors and biases.