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Decision-Making Worksheet

The document discusses the decision-making process and provides a 5-step model for making decisions: 1) Identify the decision, 2) Gather relevant information, 3) Identify and analyze options, 4) Take action, 5) Review the decision. It then provides 15 multiple choice questions about decision making styles and models, including rational decision making, bounded rationality, intuitive decision making, and satisficing.

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Manal Al-Moataz
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411 views

Decision-Making Worksheet

The document discusses the decision-making process and provides a 5-step model for making decisions: 1) Identify the decision, 2) Gather relevant information, 3) Identify and analyze options, 4) Take action, 5) Review the decision. It then provides 15 multiple choice questions about decision making styles and models, including rational decision making, bounded rationality, intuitive decision making, and satisficing.

Uploaded by

Manal Al-Moataz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Chapter 4

Decision- Making Process

Quick Review:

 When it comes to the Manager for making lengthy or complicated decisions, it can be
useful to break the process down into a few simple steps:

1. Identifying the decision you need to make:The first step for the manager is
realising a decision needs to be made and identifying the problem.

2. Gathering the relevant information: Once the Manager identified the issue /
problem, it’s time to gather as much relevant information as possible to help
him make an informed choice.

3. Identify, analyze and weigh the options: At this step, he will identify all the
possible options or courses of action he could take.

4. Take action: Go ahead with the decision the manager think is best based on
his evaluation of the alternative options and put it into action.

5. Review the decision & its consequences: After the manager make his
decision and put it into action, it's useful to consider the outcome and
evaluate whether the decision has met the outcome he was hoping for. This
evaluation can be a useful way of learning from the mistakes, ensuring that
he will make a better choice in the future.
Multiple Choice Questions:

1. Decision making can best be described as

A. something you have to do when you are in middle school.


B. the process of making a choice or finding a solution.
C. something that only adults have to do.
D. the process of knowing the difference between right and wrong

2. What limits your ability to make a good decision?

A. urgent deadline
B. incomplete information
C. limited resources
D. all of the above

3. You see a person driving a white van. They are dressed in a clown outfit. The person pulls
over and offers you candy. What decision making style should you follow?

A. intuitive
B. fatalistic
C. authoritative
D. rational

4. This type of decision maker can explain why they choose the way they do.

A. Rational
B. Authoritative
C. Impulsive
D. Instinctive

5. You are going to buy a car. You shop around and look at several and then make a list of
pros and cons. What type of decision maker are you?

A. Impulsive
B. Fatalistic
C. Rational
D. Irrational
6. The decision-making model will help you to:  

A. make perfect decisions


B. make more responsible decisions
C. help you to make impulsive decisions
D. avoid responsible decisions

7. What is the second step in the decision-making model? 

A. Describe the problem


B. Evaluate
C. Explore your options
D. Identify your values

8. When you go with the first option that meets your criteria.

A. Rational Decision Making


B. Bounded Rationality
C. Intuitive Decision Making
D. Creative Decision Making

9. This decision making model is used when you are trying to make the very best decision
that will bring the best possible outcome.

A. Rational Decision Making


B. Bounded Rationality
C. Intuitive Decision Making
D. Creative Decision Making

10. Using experience, and knowledge, to make a quick decision.

A. Rational Decision Making


B. Bounded Rationality
C. Intuitive Decision Making
D. Creative Decision Making
11. Using experience, and knowledge, to make a quick decision.

A. Rational Decision Making


B. Bounded Rationality
C. Intuitive Decision Making
D. Creative Decision Making

12. The process by which managers respond to opportunities and threats facing
their organization by analyzing options and taking actions is known as:

A. Intuition
B. Decision making
C. Bounded rationality
D. Creativity

13. When a manager makes a good decision based on a "gut feeling," this is known as:

A. A programmed decision
B. A nonprogrammed decision
C. A heuristic decision
D. An intuitive decision
E. The illusion of control

14. Eileen, a college professor, is attempting to choose the best textbook for an upcoming
course. After reviewing ten of the twenty possible choices, she runs out of time, and
chooses one. What has she done? 

A. Optimized
B. Brainstormed
C. Bounded her rationality
D. Satisficed

15. Which of the following terms is defined as follows: “choosing the first alternative that
satisfies minimal standards of acceptability without exploring all possibilities”?

A. satisficing
B. satisfaction
C. dissatisfaction
D. all answers are correct

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