OLS 252 Chptr 10

  1. What is decision making?
    Would be best described as an exercise in evaluating trade-offs.
  2. What is the Satisficing Model?
    A Model that finds a solution that is satisfactory and sufficient.
  3. What is the Implicit Favorite Model?
    A model taht implies that the decision maker has already determined the requirement for a solution and has determined a course of action.
  4. What is the first three steps in the Maximizing or Rational Decision-Making Model?
    Identify the need for a decision and prioritize the problems, determine the Musts and Wants, and allocate weights to the want criteria.
  5. What are the 5 textbook types of actions in decision making?
    Corrective action. Interim action. Preventative action. Contingency action. Adaptive action.
  6. What are some Group Decision techniques?
    Interacting, brainstorming, nominal, delphi, and electronic.
Card Set
OLS 252 Chptr 10
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