BUAD 304 Study Guide - Midterm Guide: Standardized Test, Decision-Making

• School: USC
• Department: Business Administration
• Course: BUAD 304
• Professor: Cummings Thomas

Document Summary

2. logical and consistent: acknowledges both subjective and objective factors and blends analytical with intuitive thinking. 4. requires only as much information and analysis as is necessary to resolve a particular dilemma: encourages and guides the gathering of relevant information and informed opinion, straightforward, reliable, easy to use, and exible. Problem-what must you decide? acknowledge complexity and avoid unwarranted assumptions and option-limiting prejudices. What you most want to accomplish and which of your interests, values, concerns, fears, and aspirations are most relevant to achieving your goal. Consider al of the alternatives or at least a wide range of creative and desirable ones. Your decision can be no better than your best alternative. Asses the consequences of each alternative to gure which will best help you to meet all of your objectives. Be conscious of your willingness to accept risk. Isolate and resolve near-term issues while gathering the information needed to resolve those that will arise later.