Chapter 6 Review 2

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Managers must deal with three basic decision characterisitics:

Match the text (click and drag)   

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Match the text

Problem decisions:

Opportunity decisions:

Programmed decisions:

Non-programmed decisions:

In the condition of Certainty:

In the condtion of Risk:

Click and drag

There is a specific problem that must be resolved.

There is no specific problem but rather an opportunity present itself.

The alternatives may be known, but their costs are simply probablilities rather than certainties.

Those that are made infrequently and are poorly structured.

The manager knows what alternatives are available and what conditions are associated with each alternative.

Those that are made frequently and are highly structured.


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