ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Programmed decision
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Non programmed decision
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Major decision
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Routine decision
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Detailed explanation-1: -Non-programmed decisions are made one time and are unstructured. An example of non-programmed decision-making can be acquiring another organization. Re-ordering an inventory or reprimanding employees in case violating specific work rules can be an example of a programmed decision.
Detailed explanation-2: -Some examples of non-programmed decisions include adopting and adapting to new technology, acquiring another organization and improving brand image.
Detailed explanation-3: -In contrast, nonprogrammed decisions are novel, unstructured decisions that are generally based on criteria that are not well-defined.
Detailed explanation-4: -Since non-programmable decisions do not have standard solutions, managers have to come up with creative ideas. Creativity basically means the ability to think of new and innovative ideas. The most popular method to encourage creativity is brainstorming.