Application of the Decision- Making Process
Net income has fallen for the second quarter, and Amanda is understandably worried. She knows at the board of directors meeting on Wednesday she will be closely questioned and expected to have a plan to avoid any third- quarter losses.
Amanda begins to read slowly over the financial documents to try and ascertain areas that may be the cause. After much consideration, it appears that expenses have risen dramatically over the last few months. Amanda wonders why. She decides a meeting of the department heads is in order first thing tomorrow morning. At the meeting, Amanda would like to generate several possible solutions to the increased expenses. She wonders how to effectively explore all the options. At the meeting, the first option that is discussed is to downsize the research and development department since it is not essential to current operations. Several managers approve this plan. Amanda suggests that they need to look further at the issue. Several suggestions are made, many of which appear to be viable. Amanda wonders what to do next.
-Once alternatives have been identified, the decision maker must critically analyze the _________ and of each one, which become evident as they are compared with the criteria and weights established in steps 2 and 3.
A) costs; effects
B) strengths; weaknesses
C) images; profits
D) potentials; costs
Correct Answer:
Verified
Q67: "Whenever possible, we promote from within" is
Q68: Which of the following is the most
Q69: In general, the greater the risk in
Q70: After all factors have been determined, weights
Q71: Application of the Decision- Making Process
Net income
Q73: Application of Decision- Making Styles
Jeremy has noticed
Q74: _is the aspect of decision making that
Q75: _is when a manager evaluates alternatives until
Q76: A variation of the electronic meeting that
Q77: Which of the following is an advantage
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents