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Start learning 50% faster. Sign in nowJudgment errors or business errors or mistakes occur due to poor decision making. Judgments are based on bad logic and reasoning. Judgement errors are different from biases in the sense that biases focus on small bits of information instead of the entire information for arriving at a decision.
______ is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.
Which of the following is a decision-making model that focuses on using intuition and past experience?
What can be a consequence of not eliminating other solutions before making a decision?
Strategic decisions are _______
As per Mintzberg, a manager can perform 4 types of decisional roles. Which of the following is not one of them?
Which of the following describes the role of a manager as a disturbance handler in decision-making?
Decision making is core to which of the following management functions?
Which of the following is the first step in decision making?
What is a potential drawback of relying solely on intuition when identifying possible solutions?
For decision making to exist, there needs to be at least ______ alternative(s) available.