Managers Typically Follow Five Steps in the Decision-Making Process

question 118

Multiple Choice

Managers typically follow five steps in the decision-making process.The first step is to:

• A)gather information
• B)evaluate the strengths and weaknesses of potential decisions
• C)recognize or define the problem or opportunity
• D)establish a budget
• E)create organizational goals

Understand the concept of interaction effect in factorial research design.

Distinguish between single-factor and factorial research designs.

Identify the effects of independent variables on dependent variables in various research designs.

Comprehend the notion of main effect within the context of factorial research design.

---

Definitions:

Oceanic Plateau

Large submarine elevations lying above the abyssal plains of the ocean, created by volcanic activity or large-scale uplift.

Basalt

A dark, fine-grained volcanic rock that forms from the rapid cooling of basaltic lava, composing much of the ocean floor and volcanic islands.

Problem Solving

The process of identifying a problem, developing potential solutions, and implementing a course of action to resolve the problem.

Superordinate Goals

Goals that are important enough to require the cooperation of two or more individuals or groups to achieve.