Is a process of selecting from a set of alternatives courses of action which meets the objectives of the decision problem?

Is a process of selecting from a set of alternatives courses of action which meets the objectives of the decision problem?

CHAPTER 8

True / False

1. Decision making is choosing one alternative from among several.

a. True

b. False

ANSWER: True

2. Nonprogrammed decisions require problem solving that identifies answers to unique questions or issues.

a. True

b. False

ANSWER: True

3. Programmed decisions are common at the higher levels of the organization.

a. True

b. False

ANSWER: False

4. Decisions in organizations can be classified according to their frequency and information conditions.

a. True

b. False

ANSWER: True

5. Decision rules are used to make programmed decisions.

a. True

b. False

ANSWER: True

6. Susan's recent decision about which company her conglomerate should buy was a programmed decision.

a. True

b. False

ANSWER: False

7. A nonprogrammed decision usually recurs often enough for decision rules to be developed.

a. True

b. False

ANSWER: False

8. The decision maker who lacks enough information to estimate the probability of outcomes faces a condition of

certainty.

a. True

b. False

ANSWER: False

9. The rational decision-making process begins with the identification of a problem.

a. True

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Is a process of selecting from a set of alternatives courses of action which meets the objectives of the decision problem?

Chapter 8

True / False

1. Decision making is choosing one alternative from among several.

a. True

b. False

ANSWER: True

2. Nonprogrammed decisions require problem solving that identifies answers to unique questions or

issues.

a. True

b. False

ANSWER: True

3. Programmed decisions are common at the higher levels of the organization.

a. True

b. False

ANSWER: False

4. Decisions in organizations can be classified according to their frequency and information conditions.

a. True

b. False

ANSWER: True

5. Decision rules are used to make programmed decisions.

a. True

b. False

ANSWER: True

6. Susan's recent decision about which company her conglomerate should buy was a programmed

decision.

a. True

b. False

ANSWER: False

7. A nonprogrammed decision usually recurs often enough for decision rules to be developed.

a. True

b. False

ANSWER: False

Is the process of selecting a course of action from several alternatives in a situation of uncertainty?

Decision-making may be described as the process of selecting a course of action from several alternatives so that desired result may be accomplished. The purpose of decision-making is to direct human behaviour and commitment towards a future goal.

What are the alternative course of action available to the decision maker are called?

Solution(By Examveda Team) Selecting a best course of action among the alternatives is called as decision making. Decision-Making is a process of selection from a set of alternative courses of action which is thoughtful to fulfill the objective of the decision problem more satisfactorily than others.

What is the process of selecting a right and effective course of action from few alternatives?

Decision making implies choice: Decision making is choosing from among two or more alternative courses of action. Thus, it is the process of selection of one solution out of many available. For any business problem, alternative solutions are available.

What is decision

Decision 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.