Which of the Following Statements Regarding the Development of Alternatives

question 19

Multiple Choice

Which of the following statements regarding the development of alternatives stage of the managerial decision-making process is true?

• A) Ineffective managers usually rely on the knowledge of people throughout the organization, and sometimes even outside the organization, for decision alternatives.
• B) Feasible alternatives are difficult to identify for both programmed and nonprogrammed decisions.
• C) Both programmed and nonprogrammed decisions require new developing new courses of action that will meet the company's needs.
• D) For programmed decisions, feasible alternatives usually are available within the organization's rules and procedures.
• E) Studies find that expanding the search for alternatives is a primary cause of decision failure in organizations.

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Definitions:

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter.

Sample Variance

A measure of variability that quantifies the spread of a sample data set; calculated as the sum of squared deviations from the sample mean, divided by the sample size minus one.

Population Variance

A measure of the dispersion or spread of a population dataset, calculated as the average of the squared differences from the population mean.

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter.