Decision-Making Conditions Helen Is the Manager for TrucksRUs, a Medium-Sized Hauling Service

question 38

Multiple Choice

Decision-making Conditions
Helen is the manager for TrucksRUs, a medium-sized hauling service located in Victoria.She is responsible for scheduling trucks, initiating new routes and staffing both existing and new routes.She is currently struggling with existing information about the profitability of existing and future truck routes.
-Refer to Decision-making Conditions (Scenario) .Helen wishes to minimise her regret and will probably opt for a ________ strategy.

• A)certainty
• B)risk
• C)minimax
• D)maximax
• E)maximin

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Definitions:

Centralization

The accumulation of decision-making power at the higher echelons of an organization.

Standardization

The process of implementing and developing technical standards to ensure consistency, safety, and interoperability of products or services across different areas or sectors.

Formalization

The extent to which organizations standardize behavior through rules, procedures, protocols, and formal structures.

Vertical Differentiation

The structuring of an organization into levels of hierarchy, often to distinguish between varying degrees of authority and responsibility.