QUIZ 6 PLANNING TECHNIQUES AND TOOLS IN BUSINESS DECISION MAKING

Uncertain conditions are ideal in deciding problems because alternatives are known.

• BLUFF

• FACT

Describing what will happen in an unexpected but possible situation as in handling emergency situations is called contingency planning.

• FACT

• BLUFF

Planning requires decision-making, which is choosing from among alternative future courses of action.

• BLUFF

• FACT

Where managers look into and compare best practices implemented within or outside the organization is Benchmarking.

• 
• 

Planning is a choice among possible alternative actions.

• 
• 

Which decision is easier to make?

• NON-PROGRAMMED DECISION

• PROGRAMMED DECISION

Buying a new building for the expansion of a business is an example of what type of decision?

• PROGRAMMED DECISION

• NON PROGRAMMED DECISION

Which decisions address management?

• PROGRAMMED DECISION

• NON PROGRAMMED DECISION

Under which condition is there high managerial control?

• 
• 

Sending payment via G-Cash prior to receiving your ordered items to a seller whom you have only transacted with online is an example of what condition?

• CERTAINTY CONDITION

• UNCERTAINTY CONDITION