Identify and apply the five steps of the decision-making model used in the textbook to a decision in your life.
What will be an ideal response?
*Identify the problem
*Give example
*Weigh decision criteria
*Give example
*Generate multiple alternatives
*Give example
*Rate alternatives on the basis of decision criteria
*Give example
*Choose, implement and evaluate the best alternative
*Give example
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If Matheson wishes to be covered for the possibility of the chauffeur getting into an accident, he would require a(n) ________
A) omnibus clause in his automobile insurance B) collision clause in his automobile insurance C) deductibility clause in his automobile insurance D) double indemnity clause in his automobile insurance
Jake owns an old piece of exercise equipment. He has been using the equipment merely to hang his clothes on, so Jake decides to get rid of the thing. He takes the unused exercise machine to the landfill and throws it off the back of the truck. Maggie, a teenager, is at the landfill rummaging for useful items. Maggie sees the exercise equipment and decides it is just the thing to give her sister
for Christmas, so she decides to take it home. As she is loading it into the back of her pickup truck, Jake stops and tries to get it back. The landfill owner sees the commotion and decides he would like to have the equipment as well. Who has the best rights in the exercise equipment? a. They are all joint owners. b. Maggie. c. Jake. d. The landfill owner.
"Regrets? I've had a few," and his voice trailed off. He was speaking to no one in particular, which he found himself doing with alarming frequency
The cold, calculating father did exactly that when examining the 27 year old failure to launch man child that had turned his walk in closet into a bedroom. As he saw it, there were five alternatives; each had its advantages and disadvantages, and under different circumstances, each had a different financial incentive. He laid it all out neatly in a table, but as not to arouse suspicion, he left the table's labels very generic, so the alternatives were simply labeled A through E while the different circumstances were simply numbered one through three. He flicked the gray ash off of his favorite purple smoking jacket and pondered the best course of action under each possible future. It was good to be devious, he decided. One Two Three A 19 6 20 B 26 5 48 C 24 18 17 D 43 34 15 E 36 34 15 If at all possible, he made decisions that would allow him to look back with as little regret as possible. Which alternative would be the best choice given this proclivity for minimizing regret? A) A B) B C) C D) D
When giving a business presentation, which of the following practices is likely to alienate the audience?
A. Mentioning the key points before launching into the body of the presentation B. Not having more than three or four key points C. Launching into another point after finishing the presentation D. Using a simile at the beginning of the presentation