types of decisions Flashcards
1
Q
business value of improved decision making
A
Improving hundreds of thousands of small decision adds up to large annual value for the business
2
Q
Unstructured types of decision
A
Decision maker must provide judgement, evaluation, and insight to solve problem.
3
Q
Structured types of decision
A
Repetitive and routine, involve definite procedure for handling so they do not have to be treated each time as new
4
Q
Semi structured types of decision
A
Only part of problem has clear-cut answer provided by accepted procedure
5
Q
Senior managers
A
Make many unstructured decisions
6
Q
Middle managers
A
Make more structured decisions but may include unstructured components
7
Q
Operational managers and rank and file employees
A
Make more structured decisions
