What does this means that a decision has clear cut goals and good information is available but the future outcomes is associated with each alternatives?

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What does this means that a decision has clear cut goals and good information is available but the future outcomes is associated with each alternatives?

What does this means that a decision has clear cut goals and good information is available but the future outcomes is associated with each alternatives?

What does this means that a decision has clear cut goals and good information is available but the future outcomes is associated with each alternatives?

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20 Cards in this Set

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A ______ is a choice made from available alternatives

DECISION

______ _____ is the process of identifying problems & opportunities and then resolving them--this involves effort beoth before & after the actual choice

DECISION MAKING

________ ______ involve situations that have occurred often enough to enable decision rules to be developed and applied in the future.

PROGRAMMED DECISIONS

__________ _____ are made in response to situations that are unique, poorly defined, largely unstructured, and likely to have important consequences for the organization

NONPROGRAMMED DECISIONS

_____ means that all the information the decision maker needs is fully available

CERTAINTY

____ means a decision has clear-cut objectives & good information available. The future outcomes associated with each alternative are subject to change

RISK

__________ means managers know which goals they wish to achieve, but information about alternatives and future outcomes is incomplete

UNCERTAINTY

_________ means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable

AMBIGUITY

The ________ _____ of decision making is based on assumptions that managers should make logical decisions that will be in the organization's best economic interests

CLASSICAL MODEL

The classical model is _________, defining how a decision maker should a make decisions, adn providing guidellines for reaching an ideal outcome for the organization

NORMATIVE

_______ ___________ means people have limits, or boundaries, on the amount of information they can process in making a decision

BOUNDED RATIONALITY

___________ means that decision makers choose the first solution alternative that satisifes minimal decision criteria

SATISFICING

_________ is another aspect of administrative decision making. It represents a quick apprehension of a decision situation based on past experience but without conscious thought--gut feeling.

INTUITION

A _________ is an informal alliance among managers who support a specific goal

COALITION

A _______ occurs when organizational accomplishment is less than established goals--some aspect of the performance is unsatisfactory

PROBLEM

_________ is the step in which managers analyze the underlying casual factors associated with the decision situation

DIAGNOSIS

____ __________ is the willingness to undertake risk w/ the opportunity of gaining an increased payoff

RISK PROPENSITY

The _____________ of a chosen alternative involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out

IMPLEMENTATION

______________ uses a face-to-face group to spontaneously suggest a broad range of alternatives for decision making

BRAINSTORMING

Some groups assing a _______ _________, who has the role of challenging the assumptions and assertions made by the group

DEVIL'S ADVOCATE

Which of the following means that a decision has clear cut goals and that good information?

Risk means that a decision has clear-cut goals and good information is available, but the future outcomes associated with each alternative are subject to chance.

What does this means that all the information the decision maker needs is fully available?

nonprogrammed decision. a decision made in response to a situation that is unique, is poorly defined and largely unstructured, and has important consequences for the organization. certainty. means that all the information the decision maker needs is fully available.

Which of the following means that the goals to be achieved or the problem to be solved is unclear?

A situation where the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable refers to ambiguity.

What is clear decision making?

That requires the decision maker to correctly frame the perspective and parameters of the decision, define the objectives and options and align the decision with desirable outcomes. In other words, making a clear decision requires leadership, which comprises four elemental qualities.