Group Decision-Making Flashcards
Chapter 12
1
Q
Define rational decision-making model.
A
Logical, systemic analysis for the optimal solution.
2
Q
Define bounded rationality decision-making model.
A
Limited by time, resources, and cognitive abilities.
3
Q
Define intuitive decision-making model.
A
Based on experience, feelings, and judgment.
4
Q
What is an advantage of group decision-making?
A
More ideas and better evaluation.
5
Q
What is a disadvantage of group decision-making?
A
Time consuming and possible domination by a few members.
6
Q
A
7
Q
A
