Chapter 5 Managerial And Group Decision Making

Question 1

Decision making

Answer 1

The process of evaluating alternate options in order to take action steps to address perceived problems or issues in an organization

Question 2

Certainty

Answer 2

To find a situation where the many transfer information about goals, options, and the outcomes associated with each alternative

Question 3

Risk

Answer 3

Risk is defined as the situation were the goals options are known as what the outcomes are not

Question 4

Classical approach on decision-making

Answer 4

The classical approach is grounded in the view that the manager operates in the best economic interests of the organization

Question 5

Administrative model of decision-making

Answer 5

The school of thought believes that managers have a grounded or limited time and mental capacities

Question 6

Satisficing

Answer 6

The fact that people search for minimally acceptable, not optical solution

Question 7

Political method

Answer 7

The political model states that decision contacts do not have an objective set of criteria priorities. The determination of what is valued and important is based on political processes

Question 8

Synergy effect

Answer 8

The theory is that when individuals share thoughts, one person’s ideas stimulate another to think of issues that would not have arisen one working alone

Question 9

Process loss

Answer 9

Says loss is defined as a sub optimal decision process whereby available information is not shared and used in the decision making process

Question 10

Nominal group technique

Answer 10

In the system generation stage is done individually. Members are given a problem to address each of the responses in writing from this written answers a decision is made