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 :
Understanding Programmed Decisions
Programmed decisions are those that are repetitive and routine. Because these decisions occur frequently, a standard method for handling them has usually been worked out in advance. Managers do not have to go through the process of considering every alternative every time. Essentially, programmed decisions are about handling familiar problems in familiar ways. They are often based on established policies, rules, or procedures.
Evaluating Characteristics of Programmed Decisions
Let's analyze the given options to identify the characteristics of programmed decisions:
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Option A: Problems are unique and novel
This statement describes non-programmed decisions, which deal with new, unusual, or unstructured problems that haven't been encountered before. Programmed decisions, conversely, handle recurring issues.
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Option B: Solutions are based on rules and established procedures
This is a primary characteristic of programmed decisions. When a problem is recognized, the solution often involves applying a pre-existing rule, policy, or procedure. This makes the decision process efficient for routine matters.
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Option C: Made by top management only
This is not necessarily true. While top management sets policies, programmed decisions can often be made by lower-level managers or even non-managerial employees as they deal with day-to-day operational issues that fall within established guidelines.
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Option D: Problems are routine and repetitive
This is a defining feature of programmed decisions. They arise regularly and have predictable patterns, allowing for the development of standardized responses.
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Option E: Conditions in which they occur are highly certain
Programmed decisions are typically made under conditions of certainty or near-certainty. The environment is stable, and the outcomes of different choices are well-understood, often because they are based on past experience and established procedures.
Identifying the Correct Combination
Based on the analysis, the characteristics that accurately describe programmed decisions are:
- Solutions are based on rules and established procedures (Option B).
- Problems are routine and repetitive (Option D).
- Conditions in which they occur are highly certain (Option E).
Therefore, the combination B, D, and E correctly identifies the key traits of programmed decisions.
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:
- General statements that guide or channelize thinking in decision making are:
