ECONOMICS
DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
procedure for the payment of bonuses
|
|
|
a selection of freight routes for product deliveries
|
|
|
a selection of a new manager from candidates using job interview
|
|
|
develop a new product or service
|
Detailed explanation-1: -What Is A Non-Programmed Decision? Contrary to programmed decision-making, non-programmed decisions are ill-structured and one-time decisions. Problems or situations that don’t have a concrete set of rules or guidelines to follow rely on non-programmed decision-making. These are complex and have a long-term impact.
Detailed explanation-2: -Examples of non programmed decisions include deciding whether to acquire another organization, deciding which global markets offer the most potential, or deciding whether to sell off an unprofitable vision. Such decisions are unique and non-recurring.
Detailed explanation-3: -Nonprogrammed decisions will generally need to be processed via the reflective system in our brains in order for us to reach a good decision. But with programmed decisions, heuristics can allow decision makers to switch to the quick, reactive system and then move along quickly to other issues.
Detailed explanation-4: -Whether a company must acquire another organization or not. Whether a new technology must be adopted or not. In which global market, the business has the highest potential.