Harry,a manager at Pine and Acorn Consultancy,needs to make a decision on a new service that his group is planning to launch.Though it carries substantial risk of failure,this service has the potential of generating huge revenues if successful.The decision that Harry needs to take in this context can be best categorized as a _____ decision.
A) satisficing
B) maximin
C) risk-averting
D) transactional
E) nonprogrammed

Question

Quizplus · Accepted Answer

The decision that Harry needs to take is a nonprogrammed decision because it involves a new service which has not been dealt with before and involves substantial risk. Nonprogrammed decisions are unique, complex decisions that require a custom approach to problem-solving. They involve a high degree of uncertainty, and there is typically no established procedure for making them.

Harry,a Manager at Pine and Acorn Consultancy,needs to Make a Decision