Rules of thumb that managers use to simplify decision making are known as ________.
A) heuristics
B) folksonomies
C) algorithms
D) sophisms
Question 2Before 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 3The ________ 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 4Discuss structured problems, programmed decisions, unstructured problems, and nonprogrammed decisions.
What will be an ideal response?
Question 5Discuss the three types of programmed decisions that a manager depends on to resolve structured problems.
What will be an ideal response?
Question 6Discuss the three different decision-making conditions that managers usually face.
What will be an ideal response?
Question 7Risk 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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