3. Which of the following non-rational decision making types consists of making

Question

3. Which of the following non-rational decision making types consists of making a decision on a gut feeling? O A. C B O C.intuition O Dall of the above o Asatisficing incremental 4. If my manager takes a long time to make a decision because she over analyzes each alternative, what style of decision making is she displaying? O A directive o B.analytical O C. O D.behavioral Which of the following takes precedence when making a decision about the company? conceptual 5. profits C B. shareholders opinion C C.ethics O D.all of the above

Explanation / Answer

Ans-3:- C

Basis:It is said that gut feel or intuition based decision making is non-rational since it not based on data/full facts,but in certain situations,decisions need to be taken on the spur of the moment.Eg Emergency Situations like Fire,Accidents,War etc where it can save lives.Experience and overall knowledge in a subject area also helps one to take gut/intuition based decisions.Delays can happen if the manager is not convinced of the best outcomes/alternatives and needs more information/options to be considered before deciding.

Ans-4:-B

Bssue

Basis:An analytical approach to decision making relies exclusively on the data and facts available and its detailed evaluation,which forms the core basis to arrive at the most feasible alternatives or the ones which can offer high probability of success.

Ans-5:-D

Basis: All the 3 aspects including company ethics and values,profits it has generated over past and current periods and also the existing stakeholders opinions and their future outlook on the company's progress all help one to take the best decision on the company.

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