Asked by disney. dreams on Jun 13, 2024
Verified
The ideal, but seldom achieved, condition for managerial problem solving is characterised by:
A) low risk, because managers seek a little stimulation.
B) certainty, because the manager simply has to locate the alternative offering the best solution.
C) high risk, because that is when high profits are possible.
D) uncertainty, because that offers the greatest chance for creativity.
E) normality, because that is the condition under which all the business principles work.
Managerial Problem Solving
The process by which managers identify, analyze, and resolve issues within an organizational context using strategic thinking, decision-making techniques, and leadership skills.
Certainty
A condition in decision-making where all necessary information is known and the outcome of a decision is predictable.
Best Solution
The optimal resolution or answer to a problem that maximizes effectiveness and efficiency while minimizing downsides and costs.
- Identify the challenges and conditions affecting decision making, covering aspects of certainty, risk, and uncertainty.
Verified Answer
Learning Objectives
- Identify the challenges and conditions affecting decision making, covering aspects of certainty, risk, and uncertainty.
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