Biology Forums - Study Force

What is the first step in rational decision making?
 
 

a. Develop a set of rational alternatives.
  b. Evaluate the possible alternatives.
  c. Decide which alternative to implement.
  d. Recognize and define the decision situation.
  e. Evaluate decision effectiveness.

Question 2

The first step in the decision-making process is
 
 

a. the generation of alternatives.
  b. brainstorming.
  c. recognizing and defining the situation.
  d. being innovative.
  e. implementation.

Question 3

The human resources manager has to select one of the job applicants for a sales position that
  was advertised. This is an example of

 
 

a. problem solving.
  b. decision framing.
  c. decision making.
  d. brainstorming.
  e. satisficing.

Question 4

The process of choosing one alternative from among many is called
 
 

a. decision making.
  b. problem solving.
  c. bounded rationality.
  d. satisficing.
  e. none of these.

Question 5

Payoff matrix is useful when the decision-making conditions have an element of risk such
  that the probability of occurrence of each outcome cannot be estimated

 
  Indicate whether the statement is true or false.

Question 6

To use the decision tree, the manager needs to estimate probabilities for each alternative on
  all branches of the tree.

 
  Indicate whether the statement is true or false.

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