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WorksheetsTime to decide
Total questions: 20
Worksheet time: 7mins
The process which requires checking at each stage of the process to assure the alternatives, criteria and solutions are consistent with goals and objectives.
evaluation
consultation
review
feedback
The process of identifying and choosing alternative courses of action appropriate to the demands of the situation.
management
decision-making
problem solving
planning
A model constructed to represent reality on which conclusions about real-life problems can be used.
Queuing theory
Linear programming model
PERT
Simulation
It exists when there is a difference between an actual situation and the expected one.
Alternatives
Decision
Problem
Opportunity
The rational way to conceptualize, analyze, and solve problems in situations involving limited or partial information about the decision environment.
Forecasting
Delphi method
Brainstorming
Decision theory
It refers to the actions made to ensure that activities performed match the desired activities or goals, that have been set.
Control
Tracing
Feedbacking
Surveying
An example of external factor
Promotions strategy
Competition
Frequent machine breakdowns
Rigid organizational structure
Which is NOT PART of the decision making process
Make a choice
Develop the decision results
Articulate the opportunity
Diagnose the problem
Which is NOT TRUE about decisions?
Decisions may be a long-term or a short-term decision.
Decisions may be related to cash or financial or just a simple personal problem.
Decisions are made at various management levels.
Manager's decisions can be withdrawn at any time necessary.
Which stakeholders are NOT affected by management's decisions?
Banks
Government
General Public
Underground society
It refers to evaluation of alternatives using intuition and subjective judgment.
Surveying or poll surveys
Questionnaire method
Quantitative analysis
Qualitative analysis
A quantitative technique that is used to produce an optimum solution within the bounds imposed by constraints upon the decision.
Regression analysis
PERT-CPM
Linear programming
Queuing theory
Which is NOT a quantitative technique in decision making?
Decision theory
Simulation
Inventory models
Delphi method
Which alternative IS NOT a solution to labor shortage?
Rendering overtime
Hiring casual workers
Shifting hours
Shortening production time
Which "M" of management is the problem about "threat of substitute products"?
Manpower
Money
Market
Materials
Which "M" of management is the problem about "slippages or backlogs"?
Materials
Methods
Market
Management
Which "M" of management is the problem about "stockouts or surplus?
Methods
Machines
Manpower
Materials
Which is the THIRD process in decision making?
Evaluate alternatives
Make a choice
Analyze environment
Articulate problem or opportunity
Which decision making process is "putting paper into practice"?
evaluate alternatives
implement decisions
evaluate and adapt decision results
develop viable alternatives
Which quantitative technique is applicable to companies where waiting lines are a common situation.
PER-CPM
Linear programming
Simulation
Queuing theory
