Which of These Statements About Information Processing in Decision Making

question 102

Multiple Choice

Which of these statements about information processing in decision making is FALSE?

• A)Decision makers don't think through all of the possible alternatives and their outcomes.
• B)Decision makers typically look at alternatives at the same time rather than sequentially.
• C)Decision makers engage in a limited search for and evaluation of alternatives.
• D)Decision makers compare each alternative against an implicit favourite.
• E)Perceptual biases distort the selection and interpretation of information.

Grasp the advantages of early supply involvement in procurement processes.

Identify criteria for determining whether a purchase is strategic.

Understand the various methods of purchase specification and their implications.

Appreciate the role of new technology in gaining competitive advantage and operational efficiency.

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Definitions:

Truth Tables

A tool in logic and mathematics used to determine whether a proposition is true or false under all possible conditions.

Truth Value

The attribute of a proposition that determines whether it is true or false.

Symbolic Form

Representation of ideas, concepts, or instructions in a set of symbols or a symbolic language.

Components

Pieces or parts that when combined form a complete unit or system, each serving a specific role within the whole.