Question

The model of decision making that explains how managers should make decisions, assuming managers will make logical decisions that will be the optimum in furthering the organization's best interests, is known as the __

Answer 1

Answer:

Rational model of decision making

Explanation:

The  rational model of decision making assumes that the decision maker has full or perfect information about alternatives. This means that, they possess the time, cognitive ability, and resources to evaluate each choice against the others.

It should be understood or noted that rational model of decision making has about five steps that explain it, and these are

* Identifying and defining the problem

* Identifying the decision criteria

* weight established criteria

* Generate list of alternatives

*  Evaluating the alternatives

* Determining the optimal decision.

In summary , this model of decision making, help the managers in making decision to enhance the activity and productivity of the company or organization.

Answer 2

Answer: Rational model of decision making

Explanation: Rational model of decision making involves or requires that individuals, managers or any decision maker must possess adequate knowledge of organizational needs and requirements, identification of various alternative products, goods or policies, As a rational decision maker, the identified alternatives should be examined and evaluated based on the need of the organization, such that the evaluation process is based on the best interest of the organization. The identified and evaluated alternative is implemented and the effect of the policy is monitored. Rational decision making involves making sound and logical decisions based on available information or data on the best interest of an organization.