Exam 2: Foundations and Technologies for Decision Making

The design phase of decision making is where the decision maker examines reality and identifies and defines the problem.

According to Simon (1977), most human decision making, whether organizational or individual, involves a willingness to settle for a satisfactory solution, "something less than the best." This is called satisficing. How does a decision maker go about satisficing?

In a decision making environment, continuous change always validates the assumptions of the decision makers.

All of the following statements about the decision implementation phases are true EXCEPT

The fact that many organizations share many similar problems means that in sourcing a DSS, it is often wiser to acquire a(n)

________ is the conceptualization of a problem in an attempt to place it in a definable category, possibly leading to a standard solution approach.

Relate four specific technologies that support all phases of the decision making process, and describe what they provide.

The ________ phase involves putting a recommended solution to work, not necessarily implementing a computer system.

All of the following are benefits of using models for decision support EXCEPT

The best decision makers accurately estimate the ________ associated with decision alternatives to aid their selection.