Rules of thumb that managers use to simplify decision making are known as _______

Rules of thumb that managers use to simplify decision making are known as ________.

A) heuristics
B) folksonomies
C) algorithms
D) sophisms

Question 2

Before making a decision, Kathryn gathers as much information as she can then analyzes it to check for trends and patterns. Kathryn prefers ________.

A) linear thinking
B) non-linear thinking
C) intuitive thinking
D) judgmental thinking

Question 3

The ________ thinking style is characterized by a preference for internal sources of information and processing this information with internal insights, feelings, and hunches to guide decisions and actions.

A) non-programmed
B) nonlinear
C) linear
D) programmed

Question 4

Discuss structured problems, programmed decisions, unstructured problems, and nonprogrammed decisions.

What will be an ideal response?

Question 5

Discuss the three types of programmed decisions that a manager depends on to resolve structured problems.

What will be an ideal response?

Question 6

Discuss the three different decision-making conditions that managers usually face.

What will be an ideal response?

Question 7

Risk is the condition in which a decision maker is able to estimate the likelihood of certain outcomes.

Indicate whether the statement is true or false.

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Rules of thumb that managers use to simplify decision making are known as ________.

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