19 Prin of Management 22702 eting Spring 2018 MG301019 22702

19 Prin of Management 22702 eting Spring 2018 MG301-019 22702 I> Managers and Decision Makers Quiz-Managers and Decision Makers on 40 Which of the following is NOT a common error in the first step of the decision-making process? Select one: d out of 1.00 A. Defining the problem too narrowly B. Focusing on symptoms rather than causes C. Choosing the wrong problem D. Failing to consult the stakeholders ag O Next page

Solution

Q. Which of the following is NOT a common error in the first step of the decision making process?

Answer: D. Failing to consult shareholding

Explanantion:

Five steps in the decision making process:

(1) identify and define the problem;

(2) generate and evaluate alternative solutions;

(3) decide on preferred course of action;

(4) implement the decision;

(5) Evaluate the results

Common mistakes when identifying problems

(1) defining problem too broadly or too narrowly; (2) dealing with symptoms, not real causes; (3) focusing on wrong problem to begin with