Which of the Following Observations About the Relationship Between Decision

question 92

Multiple Choice

Which of the following observations about the relationship between decision type and decision process is true?

• A)Managerial decisions tend to be highly structured, whereas operational decisions are unstructured.
• B)The higher levels of decision making are associated with unstructured decision processes.
• C)Higher-level organizational decisions should be highly structured.
• D)Need for collaboration is highly significant for lower-level, structured decisions.

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Definitions:

Expected Value

The mean of all potential outcomes of a random variable, adjusted according to their individual probabilities of occurrence.

Dipstick

A tool used for measuring the quantity of a liquid in a tank or container, commonly used for checking oil levels in engines.

Sealed-Bid

A bidding process where all bids are submitted confidentially to the auctioneer with no bidder knowing how much others have bid.

Lemons

In the context of economics, refers to products of lower quality that are difficult to distinguish from higher quality products before purchase. In a general context, it's a citrus fruit.