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Chapter 6: Decision Making

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Chapter 6: Decision Making

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About Fill in the Blanks
decision making
chapter 6
principles of management
2 times made

Created by

Nadyah Cates
Nadyah Cates
United States

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Chapter 6: Decision MakingOnline version

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by Nadyah Cates
1

An model describes how managers make decisions in uncertain and ambiguous situations based on rationality and satisficing concepts .

An model is based on the assumption that managers should make decisions that are economically sensible and in the organization ? s best economic interest .

An model is useful when conditions are uncertain , is , or managers disagree about goals or actions to pursue

defines how a decision maker should make decisions for an ideal outcome

describes how managers actually make decisions rather than dictating how they should make decisions based on theoretical ideals .

 
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