ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Problem solving
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Synergy
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Programmed decision
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Non-programmed decision
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Detailed explanation-1: -Problem solving is the process of taking corrective action in order to meet objectives. Decision-making is the process of selecting an alternative course of action that will solve a problem.
Detailed explanation-2: -Brainstorming The process of suggesting many possible alternatives without evaluation. Synectics The process of generating novel alternatives through role playing and fantasizing.
Detailed explanation-3: -The human brain processes information for decision-making using one of two routes: a reflective system and a reactive (or reflexive) system.
Detailed explanation-4: -Step 4: Evaluate the identified alternatives As you evaluate each alternative, identify the likely positive and negative consequence of each. It is unusual to find one alternative that would completely resolve the problem and is significantly better than all others.
Detailed explanation-5: -There are two types of criteria you can use; specific and generic. Specific criteria can be answered with a simple yes, no or maybe.