(i) Rational decision maker needs creativity
(ii) Creativity is ability to produce novel and useful ideas
(iii) Creativity allows the decision maker to more appraise and understand the problems.
(iv) Creativity has three components : expertise, skills and task motivation.
Select the correct answer by using codes given below :
Statement (i): Rational Decision Maker Needs Creativity
A rational decision maker benefits significantly from creativity. It enables the generation of diverse alternatives and innovative approaches, which are crucial for making well-informed and optimal choices.
Statement (ii): Defining Creativity
This statement accurately defines creativity as the ability to produce novel and useful ideas. Both originality and practicality are essential characteristics.
Statement (iii): Creativity in Problem Understanding
Creativity enhances a decision-maker's ability to appraise and understand problems more deeply. It allows for viewing issues from multiple perspectives and identifying underlying factors.
Statement (iv): Components of Creativity
The statement correctly identifies three core components of creativity: expertise (knowledge base), creative thinking skills (cognitive abilities), and task motivation (drive and interest).
Conclusion on Statements
All four statements accurately reflect the nature and importance of creativity in the decision-making process.
Important Questions from Decision Making
Which of the following are necessary conditions for applying Simeon Denis Poisson distribution in the field of managerial decision making?
A. Each occurrence of an event is independent of the occurrence of the other event
B. The probability of an occurrence is the same for any two intervals of equal length
C. Poisson distribution describes continuous occurrences over a specific time interval
D. In each interval, occurrences can range from zero to infinity
Choose the correct answer from the options given below:
Which of the following common difficulties are faced in making decisions and implementing?
(A) Non-actionable information
(B) Unsupporting environment
(C) Easy acceptance by subordinates
(D) Ineffective communication
(E) Incorrect timing
Choose the correct answer from the options given below
The major components of Nicosia Model of consumer decision-making are:
A. The consumer's attitude based on firm's message exposure
B. Perceptual and learning constructs
C. Feedback in the form of purchase experience
D. Extensive problem solving by consumer
E. Consumer's product search and evaluation
Choose the correct answer from the options given below:
Match List - I with List - II.
List - I
Decision Rule
List - II
Rationale for applying the decision Rule to Down App.
(A)
Conjunctive
I)
"I bought the Smartphone App with the highest over all railing".
(B)
Disjunctive
(II)
"I down loaded the Smartphone App that had the most downloads".
(C)
Affect Referred
(III)
"I selected the Smart Phone App that had no bad features".
(D)
Majority vote
(IV)
"I picked the Smart Phone App that excelled in at least one attribute ".
Choose the correct answer from the options given below:
- What are the characteristics of programmed decisions ?
A. Problems are unique and novel
B. Solutions are based on rules and established procedures
C. Made by top management only
D. Problems are routine and repetitive
E. Conditions in which they occur are highly certain
Choose the most appropriate answer from the options given below :
