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11 Cards in this Set
- Front
- Back
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What is the relationship among the management functions, problem solving, and decision-making?
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problem solving is the process of taking corrective action to meet objectives.
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why is it necessary to determine the decision structure and decision-making conditions?
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the decision structure includes programmed and non programmed decisions, and the decision-making conditions are uncertainty, risk, and certainty.
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What is the current trend concerning the use of groups to solve problems and make decisions?
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group think occurs when members withhold different views to appear as though they are in agreement
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Is a decrease in sales and/or profits a symptom or a cause of a problem?
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defining the problem is part of the first step in the decision-making model.
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would a maximum price of $1,000 to spend on a stereo be an objective or a criterion?
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MUST- criteria have to be met in order for an alternative to be acceptable,
WANT- criteria are desirable but not necessary for the alternative to be acceptable |
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Is there really a difference between creativity and innovation?
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most employees ideas do not lead to innovation
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What is the major difference between nominal grouping and consensus mapping?
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there is no voting in consensus mapping
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why are generating and analyzing alternatives separate steps in the decision-making model?
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decision trees are used for both generating and analyzing alternatives
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What quantitative techniques are commonly used to compare alternatives?
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optimum allocation of resources is determined using linear programming. Queuing theory focuses on waiting time
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when is the cost benefit analysis commonly used?
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the cost - benefit analysis and pros and cons analysis are essentially the same method for analyzing alternatives
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for what is Vroom's participative decision-making model primarily used?
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the Vroom's model includes a both a time - driven and a development - driven version of the model
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