Question
Which of the following refers to rules of thumb
strategies that shorten decision-making time and allow people to function without constantly stopping to think?Solution
Heuristics are mental shortcuts that can facilitate problem-solving and probability judgments. These strategies are generalizations, or rules-of-thumb, that reduce cognitive load, and can be effective for making immediate judgments. These rule-of-thumb strategies shorten decision-making time and allow people to function without constantly stopping to think about their next course of action. Daniel Kahneman and Amos Tversky identified different kinds of heuristics: availability, representativeness, anchoring and affect.
When our decision about the ability of a person is influenced by the general impression we have of the individual, our decision is said to be impacted b...
A decision that lacks reasoning is ________
In an organization the delegation of authority results in prompt ________
Which of the following is an intuitive decision?
A decision matrix is a technique of decision making developed by ______
The sales head is setting the sales target of the month for each team member. This is a ________ decision.
When the decision making is completely left to the team members, it denotes _______ style of management.
A decision that is based on bad logic and reasoning is suffering from which of the following?
____________ refers to an organized technique of decision making in which team members usually note down their opinions and ideas and settle on the idea...
Which of the following is a non-programmed decision?
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