Discuss why the majority of decisions made by managers are made under a state of uncertainty, and how managers can minimize the risk of poor decisions
What will be an ideal response?
Answer: Most of the major decision making in contemporary organizations is done under a state of uncertainty. The decision maker does not know all the alternatives, the risks associated with each, or the likely consequences of each alternative. This uncertainty stems from the complexity and dynamism of contemporary organizations and their environments. The emergence of the Internet as a significant force in today's competitive environment has served to increase both revenue potential and uncertainty for most managers. To make effective decisions in these circumstances, managers must acquire as much relevant information as possible and approach the situation from a logical and rational perspective. Intuition, judgment, and experience always play major roles in the decision-making process under conditions of uncertainty.
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Which of the following is true about the innovation diffusion process in Asia?
A) Japan has a high-context culture with a relatively homogeneous population. B) Because risk avoidance is a cultural value, there are fewer innovators in Asia than in the United States. C) Once innovators in Asia have tried a product, early adopters and the early majority quickly follow suit. D) After a new product has achieved success in one Asian market, it is likely to be adopted in other Asian markets at an even faster rate. E) All of the above are true.
In traditional media, such as TV, radio, newspapers and magazines, and even podcasts, personal interaction is confined to consumption
Indicate whether the statement is true or false
Law consists of enforceable rules governing relationships among individuals and between individuals and their society
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The only difference in the formula for the sample standard error of the difference and the sample standard error of the mean is the use of sD instead of s. 2. If t(25) = 2.9, we should reject the null. 3. When calculating paired samples t-test, we should always compute a confidence interval. 4. Independent samples come from independent sources. 5. A variable where 0 and 1 are used to indicate group membership is a called an affiliation variable.