which of the following decisions is most likely to be made by top managers course hero

What are the conditions under which managers make decisions?

Apr 15, 2016 · Which of the following decisions is most likely to be made by top managers? A. Decisions on how much of a product to make and how to make it B. Decisions regarding from whom to purchase inputs and what inventory of inputs to hold C. Decisions on how much employees should be paid, how they should be trained, and what benefits they should be given …

How do managers make problem‐solving decisions?

Jun 14, 2016 · Which of the following is an accurate statement concerning the impact of programmed decisions on organizations? a. They maximize the need for managers to exercise discretion. b. They decrease the need for high-cost managerial talent. c. They increase the amount of judgment needed by managers. d. They decrease organizational efficiency.

What are the three conditions that influence decision making?

Conditions that Influence Decison Making. Managers make problem‐solving decisions under three different conditions: certainty, risk, and uncertainty. All managers make decisions under each condition, but risk and uncertainty are common to the more complex and unstructured problems faced by top managers. Decisions are made under the condition of certainty when …

What is the most difficult condition for a manager?

What are the three conditions that managers make decisions under?

Managers make problem‐solving decisions under three different conditions: certainty, risk, and uncertainty . All managers make decisions under each condition, but risk and uncertainty are common to the more complex and unstructured problems faced by top managers.

What is the most difficult situation for a manager?

When information is so poor that managers can't even assign probabilities to the likely outcomes of alternatives, the manager is making a decision in an uncertain environment. This condition is the most difficult for a manager. Decision making under conditions of uncertainty is like being a pioneer entering unexplored territory. Uncertainty forces managers to rely heavily on creativity in solving problems: It requires unique and often totally innovative alternatives to existing processes. Groups are frequently used for problem solving in such situations. In all cases, the responses to uncertainty depend greatly on intuition, educated guesses, and hunches — all of which leave considerable room for error.

What is risk environment?

In a risk environment, the manager lacks complete information. This condition is more difficult. A manager may understand the problem and the alternatives, but has no guarantee how each solution will work. Risk is a fairly common decision condition for managers.