Why is strategic management important?
A. It has little impact on organizational performance.
B. It is involved in many of the decisions that managers make.
C. Most organizations do not change.
D. Organizations are composed of similar divisions and functions.
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All of the following are aspects of intuition except __________________.
A. experienced-based decisions
B. affect-initiated decisions
C. cognitive-based decisions
D. programmed decisions
The type of decision making in which the solution is considered “good enough” is known as _________________.
A. intuition
B. satisfying
C. maximizing
D. satisficing
It is assumed that a perfectly rational decision maker ______________.
A. does not follow rational assumptions
B. does not consider value maximizing as an objective
C. offers inconsistent decisions
D. would be objective and logical
Which of the following is important in effectively implementing the chosen alternative in the decision-making process?
A. getting upper-management support
B. double-checking your analysis for potential errors
C. allowing those impacted by the outcome to participate in the process
D. ignoring criticism concerning your chosen alternative
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