According to the textbook, because managers can’t possibly analyze all information on all alternatives, managers ______________, rather than ______________.

Related MCQs

• According to the textbook, _______________ refers to the number of components in an organization’s environment and the extent of the knowledge that the organization has about those components.
• When call center managers spend much of their time monitoring customer calls and giving employees feedback about how to improve their dialogue with customers in the future, these managers are using which of the following skills?
• ………. Theory is an important operations research technique to analyze the queuing behaviour.
• The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called __________
• Alternatives that an organization chooses from its operations across several industries and several markets is called:
• If a decision theory problem has 3 decision alternatives and 4 states of nature, the number of payoffs in that problem will be
• Direction is a ________ function performed by all the managers at all levels of the organization.
• Which of the following is a process that involves managers from all parts of the organization in the formulation of strategic goals?
• “ Principles help managers to take decisions while performing functions of management”
• Which type of strategies do professional managers help organizations in chalking out?