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Get faster at matching terms Terms in this set (13)Which of the following is the last step in the rational decision-making process? Considering possible courses of action Choosing the optimal decision Which of the following statements describes bounded rationality? A set of constraints that tend to complicate the rational decision-making process The act of choosing a solution that is good enough The process of identifying issues and making choices Insights that are tapped through intuition and are not always fully understood by the decision maker A set of constraints that tend to complicate the rational decision-making process Satisficing refers to: the act of making simple and irrational decisions. the act of choosing a solution that is good enough. Under ________ , individuals have information related to an organization's objectives and priorities, but they do not have complete information about alternative courses of action or about the possible outcomes for each one. conditions of risk conditions of uncertainty Which of the following heuristics contends that individuals make estimates or choices based on a certain starting point? Adjustment Adjustment Which of the following statements best describes framing? Short-cuts that individuals use to save time when making complex decisions The tendency to favor the "here and now" and to reject potential change Alternative presentations of the same information that can significantly alter a decision The act of choosing a solution that is good enough in situations that are characterized by uncertainty and risk Alternative presentations of the same information that can significantly alter a decision Which of the following refers to the tendency to favor the "here and now" and to reject potential change? Satisficing Status quo bias ________ refers to the process of making decisions based on societal norms or expectations. Appropriateness framework Appropriateness framework Decisions that are made in response to novel, poorly defined situations that require managers to use their best judgments are referred to as ________ decisions. suboptimal nonprogrammed Which of the following statements about programmed decisions is true? Programmed decisions are usually made under conditions of risk and uncertainty. Programmed decisions generally require a manager to execute. Programmed decisions are made in response to recurring organizational problems. Programmed decisions typically require social consensus. Programmed decisions are made in response to recurring organizational problems. The ________ model of decision making acknowledges that managers may be unable to make economically rational decisions even if they want to because they lack sufficient information on which to base their decisions. administrative administrative The ________ model of decision making acknowledges that most organizational decisions involve many managers who have different goals and who have to share information to reach an agreement. administrative political While preparing for tough calls using SCRIPTS process, managers should first: consider the time frame. search for signals of threats. Sets with similar termsChapter 1525 terms hedst062 Chapter 9 Quiz10 terms Ashley_Fougeron PA 340 Ch.5- Decision Making49 terms Maliotti Organizational Behavior, Chapter 1080 terms bethany_lewton9 Sets found in the same folderChapter 1 Review11 terms livesayza Chapter 2 Review11 terms livesayza Chapter 3 review11 terms livesayza Chapter 4 Review11 terms livesayza Other sets by this creatorSecured transactions15 terms livesayza Professional Responsbility2 terms livesayza Sales/Contracts27 terms livesayza Personal Property25 terms livesayza Verified questions
ADVANCED MATH The height, h, in metres, of a toy rocket at any time, t, in seconds, during its flight can be estimated using the formula $h = - 5 t ^ { 2 } + 23 t + 10$ Write the formula in factored form and determine when the rocket will fall to the ground. Verified answer
ADVANCED MATH If the positive integer n is not the sum of squares of two integers, show that n cannot be represented as the sum of two squares of rational numbers. Verified answer
ADVANCED MATH Suppose a machine that breaks down returns to service three days later (for instance, a machine that breaks down during day 3 would be back in working order at the beginning of day 6). Determine a transition probability matrix for this situation. Verified answer
ADVANCED MATH The volume of a rectangular prism is given as $9 x ^ { 3 } - 30 x ^ { 2 } + 25 x$ a) Determine algebraic expressions for the dimensions. b) Describe the faces of the prism. Verified answer Other Quizlet setsHealth II Final Driver's Ed. Test66 terms cturtles bio exam #137 terms Natfelker Chapter 1220 terms JJParker10 Related questionsQUESTION . Point-counterpoint is a decision-making technique in which people are assigned to express competing points of view. 15 answers QUESTION Contingency of employee involvement in decision making: 9 answers QUESTION Best describes the Net Present Value rule? 2 answers QUESTION The goal of transportation modeling is to... 3 answers |
Which of the following statements is true regarding the rational decision-making model Quizlet
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