Based on Table 2.1 in the text,which statement is true about the management decision problem?
A)It asks what information is needed and how it should be obtained.
B)It is information oriented.
C)It asks what the decision maker needs to do.
D)It focuses on the underlying causes.

Question

Quizplus · Accepted Answer

The management decision problem is defined as "asking what the decision maker needs to do." This is reflected in Table 2.1, which lists the components of the management decision problem as identifying the decision maker, defining the decision objective, specifying the alternatives, identifying the consequences, and choosing the best alternative. These steps are focused on determining what the decision maker needs to do in order to address the problem at hand. Therefore, option C is the correct choice. Option A may be more applicable to the research problem, which is concerned with gathering information to address the management decision problem. Options B and D do not accurately reflect the definition or components of the management decision problem.