Which of the following is FALSE regarding decision making? O a. It is an ongoing process in the organization O b. It is a one-time work in the organization O. It involves the analysis of possible alternatives O d. It involves collection of information
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- You may need to use the appropriate technology to answer this question. Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Activity A B C Description Report generation Web scraping Testing Immediate Predecessor This answer has not been graded yet. A, B Optimistic 2 (d) Should you use the estimate in (b) or (c)? 5 1 Time (Weeks) (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen Most Probable 9 10 1 Pessimistic 13 The probability estimate from (b) based on the critical path is more accurate. The probability estimate from (c) based on both paths is more accurate. O The probability estimates from (b) and (c) are equal. 12 (b) Based solely on the…9- Which of the following is FALSE regarding decision making? a. It is a one-time work in the organization b. It involves the analysis of possible alternatives c. It is an ongoing process in the organization d. It involves collection of informationWhen decisions made regarding the day to day running of the company and its plans, this approach is known as a.Unprogrammed decision b.Programmed decision c.Individual decision d.HR decision
- Decision making process ends with______________. a. Implementing the decision b. Identification of the problem c. Diagnosing the problem d. Developing alternativescomes to an end with the actual implementation of a decision Select one: a. Decision making b. Planning c. Controlling O d. Motivation36 Which of the following is not an assumption of rational decision-making? A.Rational decision maker is subjective B.Problem faced is clear and unambiguous C.Decision maker would have clear, specific goal and be aware of all alternatives and consequences D.The alternative that maximizes achieving this goal will be selected E.Decisions are made in the best interest of the organization instead of the manager
- Which of the following is FALSE regarding decision making? a. It is an ongoing process in the organization b. It involves the analysis of possible alternatives c. It is a one-time work in the organization d. It involves collection of informationidentify whether each of the following is strategic or tactical. Give your reasoning for each choice. a. negotiating a sale price with an individual customer b. negotiating a delivery contract with a major supplier c. establishing a preventative maintenance schedule for a newly purchased machine d. planning the weekly preventative maintenance tasks for a machine e. deciding the layout of a section of grocery store shelving f. deciding the layout of an entire grocery storeManagement Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Activity A B C Description Report generation Web scraping Testing Immediate Predecessor This answer has not been graded yet. A, B Optimistic 1 (d) Should you use the estimate in (b) or (c)? 5 1 Time (Weeks) (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen Most Probable 8 9 1 Pessimistic 12 The probability estimate from (b) based on the critical path is more accurate. O The probability estimate from (c) based on both paths is more accurate. The probability estimates from (b) and (c) are equal. 11 (b) Based solely on the critical path, estimate the probability that the project will be complete…
- Barbara just received the good news: She was assigned as the project manager for a project that her company won as part of competitive bidding. Whenever a request for proposal (RFP) comes into Barbara's company, a committee composed mainly of senior managers reviews the RFP. If the decision is made to bid on the job, the RFP is turned over to the Proposal Department. Part of the Proposal Department is an estimating group that is responsible for estimating all work. If the estimating group has no previous history with some of the deliverables or work packages and is unsure about the time and cost for the work, the estimating team will then ask the functional managers for assistance with estimating. Project managers like Barbara do not often participate in the bidding process. Usually their first knowledge about a project comes after the contract is awarded to their company and they are assigned as the project manager. Some project managers are highly optimistic and trust the estimates…21- Which one of the following statements is FALSE? a. The most important part of management is making decisions b. Decision-making occurs in all management functions c. All managers continuously make decisions d. Decision making only occurs when performing the organizing functionWhich of the following is not a element of a VRIO analysis? (Used to identify strategic strengths in a SWOT analysis) 1.They are Valued by the customer 2.The company is Organized to exploit the resourses (strengths) 3.They are Rare in the Industry Inexpensive to imitateimitate 4.They are not Inimitable