Question

Assume you are Helena Fogarty, the CEO and founder of Mi Ola, and you are engaged in an intense group decision making process with your trusted advisory board. You would like to use more programmed decision making processes but are finding it challenging to do so. Which of the following reasons explains why it is difficult to use programmed decision making processes in the work you do? The decisions you make have well-structured decision parameters The decisions you make are constantly changing with imperfect information available The decision solutions have clearly defined rules and set procedures The decisions you make are repetitive and routine

Answer 1

Answer:

The correct answer is letter "B": The decisions you make are constantly changing with imperfect information available.

Explanation:

Decision-making is complicated to be made through programmed systems because there are several variables to be considered in the process. The most important is that businesses are subject to changes in the market that can happen suddenly, meaning what could work today might not tomorrow.  

Besides, the information entered in the system must be perfect to obtain an accurate outcome. However, decision-making is based on data that can be precise like the information portrayed in the financial books of the firm but if there is a mistake committed, even if minimal, the programmed decision could fail.