Practice Meaning And Nature Of Decision-making (12.1) - Decision-Making in Organizations

Practice: Meaning and Nature of Decision-Making

Lesson 12.1Decision-Making in Organizations

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9 questions

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2 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define decision-making in your own words.
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Think about choices in everyday situations.
Question 2.
List the key characteristics of decision-making.
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Use the acronym GDMR to remember them.
3Question 3.
What does decision-making involve?
- Random choices
- Choosing the best course of action
- Ignoring alternatives
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Consider how businesses make strategic decisions.
4Question 4.
True or False: Decision-making must always be based on logic.
- True
- False
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Think about instances where gut feelings are considered.
Question 5.
You are the manager of a company facing declining sales. What decision-making characteristics should guide you in addressing this issue?
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Think about how to structure your approach to address declining performance.
Question 6.
Assess the implications of making a decision solely based on intuition without data analysis in a business context.
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Reflect on past decisions made in your personal or observed experiences.

5 more questions in this section. Enroll free to practise them all.