Decision-making 2

Question 1

allows the individual to list the advantages and disadvantages of each alternative.

Answer 1

Pros & Cons

Question 2

a procedure that analyzes the utility of the alternative.

Answer 2

Simple Prioritization

Question 3

a person must choose an option based on the usefulness and value of the choice.

Answer 3

Simple Prioritization

Question 4

a person must examine the alternatives until they find it acceptable and satisfying.

Answer 4

Satisficing

Question 5

by comparing all available options, the decision maker has to eliminate alternatives that have the less impact. Process may be repeated several times until there is only one last, best option left.

Answer 5

Elimination Process

Question 6

Who introduced the Elimination Process?

Answer 6

Amos Tversky, 1972

Question 7

allows the person to compare available options and compare them by using hierarchical system from least to most important result.

Answer 7

Preference List

Question 8

Who developed the elimination technique into Preference List?

Answer 8

Tversky and Sattach

Question 9

the final decision that a person will choose is based on following orders and NOT by freewill.

Answer 9

Based on Authority

Question 10

• using tarot cards, astrology, signs, and symbols in order to arrive at a decision.
• not an assurance of a right decision.

Answer 10

Divination

Question 11

• allows a decision maker to open up his decision to a group.
• the person asks for additional inputs from them to arrive at the best possible choice.

Answer 11

Participative Decision Making