Classified as having an exploitative orientation

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Reference no: EM13970516

1. Decision-makers who believe the source of all good is outside of themselves, and therefore rely heavily upon suggestion, are classified as having an exploitative orientation.

True or False

2. In the decision-making process, it is important to accurately identify an existing problem prior to listing the possible alternatives for solving the problem.

True or False

3. When decisions are reached using probability theory, the alternative normally chosen is the one with:

a. the lowest cost/benefit ratio

b. the lowest risk

c. the highest risk

d. the highest expected value

e. the lowest expected value

4. If the potential income from a particular project was $150,000 and the probability of attaining that income was 5%, the expected value would be $750,000.

True or False

5. A group decision process in which negative feedback on any suggested alternative is forbidden until all members have presented alternatives is called brainstorming.

True or False

Reference no: EM13970516

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