Which type of decision can be made by following a definite procedure?

Which type of decision can be made by following a definite procedure?

Structured decisions, by contrast, are repetitive and routine, and decision makers can follow a definite procedure for handling them to be efficient. Semistructured decisions are those in which only part of the problem has a clear-cut answer provided by an accepted procedure.

What are types of decision making?

Types of Decision Making – 17 Important Types of Decisions

  • Programmed Decisions: They are otherwise called routine decisions or structured decisions.
  • Non-Programmed Decision:
  • Major Decision:
  • Minor Decision:
  • Operative Decision:
  • Organisational Decision:
  • Personal Decision:
  • Individual Decision:

Which phase of decision making finds or recognizes a problem group of answer choices?

Chapter 12

Question Answer
The ________ phase of decision making finds or recognizes a problem, need, or opportunity Intelligence
Which of the following BI tools or abilities have been driving the movement toward “smart cities?” Big data analytics

What is an unstructured decision?

Unstructured decision making is a dynamic process where an individual must create an alternative because one is not available or provided. In this type of a decision, an individual may not have formed preferences or may not know the path to arrive at a solution.

What is the Carnegie model of decision-making?

Cyert-March-Simon (aka Carnegie) Model This model is the organizational analog of the bounded rationality approach at the individual level. It emphasizes: bounded rationality (limited time & mental capacity of managers, limited information & resources, so a rational solution often cannot be derived)

What are the three primary categories of financial decision making?

The three types of financial management decisions are capital budgeting, capital structure, and working capital.

What are the seven steps to decision making?

7 Steps of the Decision-Making Process

  1. Identify the decision.
  2. Gather relevant info.
  3. Identify the alternatives.
  4. Weigh the evidence.
  5. Choose among the alternatives.
  6. Take action.
  7. Review your decision.

What is structured decision with example?

A good example of a structured decision would be the hiring process in a company. its important to create structure around repetitive situations so that a lot of time is not spent on very minor decisions.