Managers need to make many decisions daily, which are mostly…
Managers need to make many decisions daily, which are mostly non-programmed decisions. Non-programmed managerial decisions have specific characteristics. Based on the degree of certainty involved, every decision-making situation falls into one of the following three categories: certainty, risk and uncertainty. When predictability is lower, a condition of risk exists. Which of the following is then a characteristic of decision-making under risk?
Read DetailsMarilyn Peters, a responsible pharmacist, recently faced a d…
Marilyn Peters, a responsible pharmacist, recently faced a decision at the pharmacy that required computation of financing which she had only limited experience with. She was able to determine an option that was within her pharmacy’s budget, but she could not be sure that her decision was the most efficient or effective. By selecting the option that was acceptable, she was
Read DetailsThere are different theories of motivation of which content…
There are different theories of motivation of which content theories is one. Which of the following statements is/are TRUE with respect to content theories of motivation?i. Maslow’s self-actualisation and esteem needs correspond to Herzberg’s motivators.ii. McClelland’s need for achievement corresponds to Alderfer’s relatedness needs.iii. Maslow’s esteem needs correspond to Alderfer’s need for power.iv. Herzberg’s hygiene factors correspond to McClelland’s need for affiliation, Maslow’s social needs and Alderfer’s existence needs.
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