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Unformatted text preview: managers ________, rather than ________. Selected Answer: satisfice; maximize Question 6 10 out of 10 points When problems are ________, managers must rely on ________ in order to develop unique solutions. Selected Answer: unstructured; nonprogrammed decision making Question 7 10 out of 10 points A decision criterion defines what is relevant in a decision. Selected Answer: True Question 8 10 out of 10 points Which of the following best describes "maximizing the minimum possible payoff"? Selected Answer: maximin Question 9 10 out of 10 points Rules and policies are basically the same. Selected Answer: False Question 10 10 out of 10 points The step in the decision-making process that involves choosing a best alternative is termed implementation. Selected Answer: False...
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- Spring '10
- Decision Making