 Show
InstructionsAnswer the following questions and then press 'Submit' to get your score. Question 1What are characteristics of a programmed decision? a) Complex and risky b) Uncertain and non-routine c) Low risk and certain d) Routine and non-complex Question 2Of what is an investment decision an example? a) Programmed decision b) Routine decision c) Management decision d) Non-programmed decision Question 3What is not an assumption underpinning the rational decision making model? a) Incomplete information b) An agreed goal c) A structured problem d) High level of certainty regarding the environment Question 4Simon (1960) is associated with what type of decision making model? a) Rational b) Classical c) Programmed d) Administrative Question 5What is the term for decisions limited by human capacity to absorb and analyse information? a) Cognitive rationality b) Conscious rationality c) Bounded rationality d) Restricted rationality Question 6What is the term for a sub-optimal but acceptable outcome of negotiations between parties? a) Bargaining b) Satisficing c) Accepting d) Compromising Question 7What is intuitive decision making based on? a) Guesswork b) Gambling c) Instinct d) Rationality Question 8Which of these does not form part of the key streams identified by March (1988) in decision making in highly ambiguous environments? a) Expectations b) Choice opportunities c) Problems d) Solutions Question 9What assumption is the garbage can model of decision making based on? a) Limited knowledge and great insight b) Limited knowledge but high level of experience c) Limited knowledge and uncertainty d) Limited knowledge and high risk Question 10What is the term for the 'rule of thumb' type of bias in decision making? a) Framing bias b) Hindsight bias c) Over-confidence bias d) Heuristics What are the 4 approaches to decisionThe four different decision-making models—rational, bounded rationality, intuitive, and creative—vary in terms of how experienced or motivated a decision maker is to make a choice. Choosing the right approach will make you more effective at work and improve your ability to carry out all the P-O-L-C functions.
What is decisionDecision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
What are the two 2 decisionRational decision-making model, Bounded rationality decision-making model, Intuitive decision-making model, and.
What is searching for and choosing an acceptable or satisfactory response to problems and opportunities rather than trying to make the best decision?Rather, they use a strategy known as satisficing, which is searching and choosing acceptable, or satisfactory ways to respond to problems and oppurtunities, rather than trying to make the best decision.
|
It describes the rule of thumb suboptimizing and satisfying in making a decision
zusammenhängende Posts
Urheberrechte © © 2024 de.apacode Inc.
