chapter 6 - 1. Managers at all levels and in all areas of...

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1. Managers at all levels and in all areas of organizations make decisions. What kinds of decisions to different members of an organization have to make at different levels within the organization? Managers at all levels and in all areas of organizations make decisions. Top-level managers make decisions about their organization's goals, where to locate manufacturing facilities, what new markets to move into, and what products or services to offer. Middle- and lower-level managers make decisions about production schedules, quality problems, pay raises, and employees discipline. 2. Identify and discuss the necessary conditions for rational decision making. It's possible that managerial decision making can be rational if the following conditions are met: 1. The manager is faced with a simple problems. 2. The goals are clear. 3. The alternatives are limited. 4. Time pressures are minimal. 5. The cost of seeking out and evaluating alternatives is low. 6.
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This note was uploaded on 02/14/2012 for the course FINANCE & 101 taught by Professor Mrhoang during the Spring '11 term at Shanghai Normal University.

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