Question

Managers that must analyze data from 500 hotels to determine when to discount rooms based on occupancy patterns would be placed in which category for managerial decision-making challenges?
A. Managers need to analyze large amounts of information
B. Managers must make decisions quickly
C. Managers must apply sophisticated analysis techniques, such as Porter's strategies or forecasting, to make strategic decisions
D. All of these are correct

Answer 1

Answer:

The correct answer is letter "A": Managers need to analyze large amounts of information.

Explanation:

Managers have three main challenges in decision-making: strategic (setting plans, goals and objectives), managerial (evaluate employee performance), and operational (monitor processes). Also, they have to develop the ability to make decisions at the pace of market changes by applying different techniques while analyzing large sources of data.

In such a scenario, hotel managers analyzing input from 500 hotels to determine when to discount based on occupancy are being challenged their capacity on studying large amounts of information.

Answer 2

Answer:A. Manager's need to analyze large amounts of information.

Explanation: One of the major roles and responsibilities of managers is the analysis of data and information before making any decisions. All managers must be effective and efficient in data analysis or in the analysis of Information in order to effectively perform and conduct the business of Management adequately.

Data analysis is a strategic need of management and it mainly sometimes involves large amount of information or data.