EThe first step in the decision-making process of chapter 7, is to identify and define the problem.
Creativity is one of our greatest personal assets, even though it may not be recognized.
Step 3 of the decision-making process, making a decision, is the easiest of the four steps in this process.
The Mount Everest case in chapter 7, illustrates the do ethical reasoning for all of the steps of the decision-making process.
Self-confidence means you do not need others as team members to succeed at work
Suppose that buses arriving at a certain stop can be modeled as a Poisson process with a rate parameter of 3 per hour. (Give answers with 3 digits after decimal) a) What is the probability that 1 buses arrive during an hour? Tries 0/99 b) What is the probability that no bus arrives during 30 mins? Tries 0/99 c) Suppose you just arrive at this stop, what is the probability that you need to wait at least 20 minutes for the bus? Tries 0/99 d) What is the 40 th percentile of your waiting time? (answer unit in hours) Tries 0/99 e) What is your expected waiting time? (answer unit in hours) Tries 0/998) Emil has been going through the six stages of the decision-making process. He diagnosed a problem with the shipping service his company used, identified alternative shipping services, evaluated those companies, made a choice, and implemented it. Which of the following statements is an accurate description of Emil's decision-making process? A) Emil has successfully completed the decision-making process. B) Emil now needs to evaluate the decision he made. C) Emil left out the first step of the decision-making process. D) Emil did steps three and four of the decision-making process in reverse order. E) Emil left out the second step of the decision-making process. Answer: 9) The model of decision making occurs when people are not sure of their goals, or disagree about the goals, and likewise are unsure of or in disagreement about what to do. A) bounded rationality B) incremental C) coalition D) garbage can E) crisis Answer: 10) The final step in the six step formal planning process-monitoring and controlling-is overemphasized by many companies. True or False 1 1) In planning, the goal is to come up with a clear and map to follow in future activities. A) rigid B) flexible C) casual D) rational E) traditional Answer: 12) Most strategic control systems include which of the following in order to monitor and control major financial expenditures? A) a vision statement B) a mission statement C) a budget D) a SWOT analysis E) a handbook Answer:The decision-making process that provides graphic illustrations of how different alternatives results in various possibilities is referred to as (Flag this question) A. operations research. B. a decision tree. C. a break even analysis. D. a cost-benefit analysis
