Reference no: EM133480341

Question

1. When considering naturalistic decision making, select those statements you believe to be true.

a. No 'rational' process followed. One alternative is presented and evaluated. If there is a perceived disadvantage from following this alternative (i.e. does not solve the problem or causes more problems), then it is discarded for the moment and another alternative is derived.

b. Quick decision making

c. Business Intelligence tools and even some analytics is used to support the alternative, though not much weight is given

d. Considerate of other factors not necessarily evident in the data (i.e. resourcing, change culture of organisation etc)

2. Michael Porter identified the four competitive forces that can hurt potential sales: ...................... is one of them.

a. Knowledgeable customer

b. Price hikes

c. Supplier orientation

3. When defining normative decision making, which statement is correct?

a. The most accepted way of making a decision is by making a choice from a number of alternatives.

b. Understand how humans actually make decisions (senses, experience); understanding the factors that influence how you make decisions in real-world settings

4. When defining naturalistic decision making, which statement is correct?

a. Understand how humans actually make decisions (senses, experience); understanding the factors that influence how you make decisions in real-world settings

b. The most accepted way of making a decision is by making a choice from a number of alternatives.

5. When considering normative decision making, tick all those statements that you believe to be true.

a. Process driven, i.e. all alternatives are presented and evaluated at the same time

b. Lots of time

c. Uses Business Intelligence tools and analytics to 'predict' and support alternatives

d. Accepted way of making decisions, often well understood by higher managers.