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MGT 101 Test 2
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To deal with opportunities and threats, managers must select one solution from a set of alternatives. This process is known as _____.
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decision making
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kelseyricard
Terms in this set (69)
To deal with opportunities and threats, managers must select one solution from a set of alternatives. This process is known as _____.
decision making
Decisions that are based on rules and guidelines are known as:
programmed decisions
When paper supplies reaches a minimum level, Ethan makes a call to the supplier to order more paper. What type of decision does this represent?
Programmed decision
Barbara, a school superintendent, hires an additional teacher whenever the student enrollment in a grade goes beyond 35. This can be classified as a(n) _____ decision.
programmed
Programmed decision making is a(n) ______ process.
routine
Nonroutine decisions made in response to novel situations in business are known as:
nonprogrammed decisions.
Jordan, the manager of JT's Tasty Treats, has to decide whether to introduce a new frozen dessert that has never been sold previously. What type of decision would this represent?
Nonprogrammed
In the classical model of decisionmaking, the most appropriate decision possible in light of what is believed to be the most desirable consequences for the organization is known as the ____________ decision.
optimum
Which of the following is an assumption made by the classical model?
Managers have access to all the information they need
A situation in which the number of suitable alternatives are greater than what a manager can evaluate is called _____.
bounded rationality
