MGT 3200 : 3200 Exam 2 Outline Sauley 3
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Exam two objectives (from the notes & outside reading) No it a part of all functions of management. Programmed- a set decision that has been developed for routine repetitive problems. Non-programmed- specific solution made for a problem that is novel, unique, Managers make more programmed decisions, but as you go up the management. They know all available alternatives and outcomes associated with each. Involves a risk of complete certainty regarding the outcomes of various alternatives, When managers don"t know the alternatives, their potential outcomes or the. Most common- risk (in between certain and uncertain) Accurately determining the probabilities associated with each alternative, always. Uncertainty and risk- non-programmed: what does the traditional economic model assume about decision-makers? (2 assumptions) The behavioral model assumes that managerial decisions are bounded by the limited. Mental capacity and emotions of the manager, as well as environmental forces she. Managers are unable to grasp the full complexity of managerial decisions due to.
