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 2The 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 3The 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 4The 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 5Payoff 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 6To 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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