Consistently using a structured, model based process to make decisions
A)Should produce good outcomes more frequently.
B)Is less effective than making decisions in a haphazard manner.
C)Is evidence that luck plays an important role in decision making.
D)Always leads to well-deserved success in managerial decision making.

Question

Quizplus · Accepted Answer

Consistently using a structured, model based process leads to better and more consistent decision-making outcomes than making decisions in a haphazard manner. It reduces the impact of individual biases and random events, making it more likely that optimal decisions will be made. However, luck can still play a role in decision making, and success is not always guaranteed.

Consistently Using a Structured, Model Based Process to Make Decisions