When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future, this is known as: risk.
When managers Cannot assign probabilities of future occurrence to possible alternatives with a decision?
When managers cannot assign probabilities of future occurrence to possible alternatives to a decision, this is known as: uncertainty.
When managers must decide whether the alternatives can be accomplished given the organization’s performance goals they are evaluating the?
3. Economic Feasibility: Managers must decide whether the alternatives are economically feasible that is, whether they can be accomplished given the organization’s performance goals.
When managers are assessing whether alternative solutions can be accomplished?
When managers are assessing whether alternative solutions can be accomplished in line with an organization’s performance goals, they are evaluating the: economic feasibility.
Which of the following is most likely to be a disadvantage of brainstorming in an organization?
Which of the following is most likely to be a disadvantage of brainstorming in an organization? Group members cannot always simultaneously understand the alternatives and think up additional alternatives.
What are the three decision-making conditions?
Managers make problem‐solving decisions under three different conditions: certainty, risk, and uncertainty. All managers make decisions under each condition, but risk and uncertainty are common to the more complex and unstructured problems faced by top managers.
Who can be affected by a managers decisions?
Who can be affected by a manager’s decisions? Impact their teams, the families of their teams, and the company as a whole. 2. Decisions about layoffs and pay cuts can be difficult and unpopular.
