2.2a - Decision Making

Question 1

Scientific decision making definition

Answer 1

Making decisions based on data

Question 2

Advantages of scientific decision making:

Answer 2

• Reduced risk

- Bias is eliminated

Question 3

Disadvantages of scientific decision making:

Answer 3

• Slow process
• Stifles innovation
• Lacks creativity
• Expensive to collect and analyse

Question 4

Decision making based on intuition definition

Answer 4

Making decisions on the basis of a hunch

Question 5

Advantages of decision making based on intuition:

Answer 5

• Quick

- Cheap

Question 6

Disadvantages of decision making based on intuition:

Answer 6

• Employees may not agree
• Risk
• Biased

Question 7

What can influence the method of decision making method used?

Answer 7

• Speed of decision
• Information available
• Size of business
• Predictability of the situation