Decision making is primarily a ___ process involving the selection of the best course of action.

Cognitive

True or False: Intuitive decision-making relies heavily on logical reasoning.

False. Intuitive decision-making relies on inner knowledge and feelings rather than logic.

What are the three types of decisions mentioned in the content?

Whether decisions, which decisions, and contingent decisions.

Fill in the blank: Rational decision-making involves following logical models and assessing ___ and ___ of each option.

Pros, cons

True or False: Ethical and impartial decision-makers should prioritize organizational goals over societal well-being.

False. Ethical decision-makers must consider societal well-being along with organizational goals.

What is the significance of 'timeliness' in decision making?

Timeliness is crucial as decisions are often constrained by time, and prompt decisions can prevent missed opportunities.

Fill in the blank: The maximin strategy focuses on selecting options with the least potential ___ to minimize risk.

Loss

What are the two primary approaches to decision making in organizations?

Authoritarian method and group method.

True or False: Satisficing involves choosing the absolute best alternative in decision making.

False. Satisficing means selecting the first satisfactory option rather than the best.

Explain the concept of 'conceptual skills' in decision making.

Conceptual skills involve understanding the broader context and interconnectedness of various factors influencing decisions.