Bus. Mang. Ch 7 Flashcards
(6 cards)
1
Q
Decision
A
A choice made from among available alternatives.
2
Q
Decision making
A
Process of identifying and choosing alternative courses of action.
3
Q
Rational model of decision making (classical model)
A
Explains how managers should make decisions; it assumes managers will make logical decisions that will be the optimum in furthering the organization’s best interest.
4
Q
Problems
A
Difficulties that inhibit the achievement of goals
5
Q
Opportunities
A
Situations that present possibilities for exceeding existing goals
6
Q
Diagnosis
A
Analyzing the underlying causes
