1. The final step in the decision-making process requires that mangers:
a. recognize and define a decision situation.
b. select from a set of potential alternatives.
c. evaluate the effectiveness of their decision.
d. identify the alternatives to address a problem.
2. Which of the following is true of satisficing?
a. It suggests that decision makers use complete and perfect information to arrive at decisions.
b. It suggests that decision makers go through the six steps of decision-making process before they finalize on the best option.
c. It suggests that decision makers weigh and evaluate a large number of alternatives until they arrive at the best alternative.
d. It suggests that decision makers search only until they find an alternative that meets some minimum standard of sufficiency.