multiply 1 x 4 | Quizalize

Here is a quiz based on the “Reciprocal of a Linear Function” content from your PowerPoint. --- Quiz: Reciprocal of a Linear Function Multiple Choice (5 questions) Select the best answer. 1. What is the vertical asymptote of f(x) = \dfrac{1}{x - 3}? a) x = 0 b) x = 3 c) x = -3 d) y = 0 2. For f(x) = \dfrac{1}{2x + 4}, what is the y-intercept? a) 0 b) \dfrac{1}{2} c) \dfrac{1}{4} d) 2 3. What is the horizontal asymptote of any function of the form f(x) = \dfrac{1}{ax + b} (with a \neq 0)? a) y = 0 b) y = 1 c) x = 0 d) x = -\dfrac{b}{a} 4. The domain of f(x) = \dfrac{1}{5 - x} is a) all real numbers except 5 b) all real numbers except -5 c) all real numbers d) all real numbers except 0 5. As x approaches the vertical asymptote from the right, the values of f(x) a) approach 0 b) approach \pm\infty c) approach 1 d) approach the same value as from the left --- Completion (5 questions) Fill in the blank with the correct word or expression. 1. The vertical asymptote of a reciprocal linear function occurs where the ____________________ is zero. 2. The horizontal asymptote of f(x) = \dfrac{1}{ax + b} is the line y = ________. 3. A function of the form f(x) = \dfrac{1}{ax + b} has ______ x-intercept(s) because the numerator is constant. 4. The end behavior of f(x) = \dfrac{1}{x - 2} as x \to \infty is f(x) \to ________. 5. The y-intercept of f(x) = \dfrac{1}{3x - 6} is ________. --- Answer Key Multiple Choice 1. b) x = 3 2. c) \dfrac{1}{4} (Substitute x = 0: f(0) = \frac{1}{4}) 3. a) y = 0 4. a) all real numbers except 5 5. b) approach \pm\infty Completion 6. denominator 7. 0 8. no / zero 9. 0 (from the positive side) 10. -\dfrac{1}{6} (Substitute x = 0: f(0) = \frac{1}{-6})

Crea un quiz con le seguenti domande. Inserisci anche la spiegazione. Domande Vero/Falso: 1. Vero o Falso: Se moltiplichiamo entrambi i membri di una disequazione per un numero negativo, il segno dell'ineguaglianza cambia. o Risposta: Vero o Spiegazione: Quando moltiplichiamo o dividiamo entrambi i membri di una disequazione per un numero negativo, il segno dell'ineguaglianza si inverte. 2. Vero o Falso: Una disequazione può avere solo una soluzione. o Risposta: Falso o Spiegazione: Una disequazione può avere zero, una o infinite soluzioni, a seconda dei valori coinvolti. 3. Vero o Falso: Se sommiamo o sottraiamo la stessa quantità da entrambi i membri di una disequazione, la soluzione rimane invariata. o Risposta: Vero o Spiegazione: Aggiungere o sottrarre la stessa quantità da entrambi i membri di una disequazione non cambia la relazione tra le soluzioni. 4. Vero o Falso: Se abbiamo una disequazione del tipo 2x>102x>10, la soluzione è x<5x<5. o Risposta: Vero o Spiegazione: Dividendo entrambi i membri per 22, otteniamo x>5/2x>5/2, che può essere semplificato a x>2.5x>2.5 o x>5/2x>5/2. 5. Vero o Falso: Una disequazione può avere solo numeri interi come soluzioni. o Risposta: Falso o Spiegazione: Le soluzioni di una disequazione possono essere numeri razionali o reali, non solo numeri interi. 6. Vero o Falso: Una disequazione del tipo 3x−2<53x−2<5 ha x>7/3x>7/3 come soluzione. o Risposta: Falso o Spiegazione: La soluzione corretta è x<7/3x<7/3 poiché 3x−23x−2 deve essere minore di 55, non maggiore. 7. Vero o Falso: Una disequazione del tipo 4x+7≥3x+54x+7≥3x+5 ha una soluzione unica. o Risposta: Vero o Spiegazione: Sottraendo 3x3x da entrambi i lati otteniamo x+7≥5x+7≥5, che semplificato diventa x≥−2x≥−2, quindi ha una soluzione unica. 8. Vero o Falso: Una disequazione quadratica è un tipo di disequazione di primo grado. o Risposta: Falso o Spiegazione: Una disequazione quadratica coinvolge il quadrato di una variabile e può essere di secondo grado o superiore, mentre una disequazione di primo grado coinvolge solo variabili elevate alla prima potenza. 9. Vero o Falso: Una disequazione del tipo 2(x−3)<82(x−3)<8 può essere risolta dividendo entrambi i membri per 22. o Risposta: Vero o Spiegazione: Dividendo entrambi i membri otteniamo x−3<4x−3<4, che può essere semplificato a x<7x<7 dopo l'aggiunta di 33 ad entrambi i membri. 10. Vero o Falso: Se abbiamo una disequazione del tipo x≤4x≤4 e x≥3x≥3, allora la soluzione è x=4x=4. o Risposta: Falso o Spiegazione: La soluzione è 3≤x≤43≤x≤4, il che significa che xx può essere qualsiasi numero tra 33 e 44, inclusi tutti i valori decimali in questo intervallo. Domande a Risposta Multipla: 11. Qual è la soluzione della disequazione 2x+5>112x+5>11? a) x<3x<3 b) x>3x>3 c) x<8x<8 d) x>8x>8 o Risposta: b) x>3x>3 o Spiegazione: Sottraendo 55 da entrambi i lati otteniamo 2x>62x>6, quindi x>3x>3. 12. Quale delle seguenti è una soluzione della disequazione 3x−1≤83x−1≤8? a) x=3x=3 b) x=1x=1 c) x=0x=0 d) x=4x=4 o Risposta: d) x=4x=4 o Spiegazione: Aggiungendo 11 ad entrambi i lati otteniamo 3x≤93x≤9, quindi x≤3x≤3. 13. Quale delle seguenti disequazioni è equivalente a 2(x+1)>62(x+1)>6? a) 2x>62x>6 b) 2x+2>62x+2>6 c) x+1>3x+1>3 d) x>2x>2 o Risposta: c) x+1>3x+1>3 o Spiegazione: Distribuendo 22 otteniamo 2x+2>62x+2>6, quindi x+1>3x+1>3. 14. Qual è la soluzione della disequazione 5x−4<3x+75x−4<3x+7? a) x<11x<11 b) x>11x>11 c) x<−11x<−11 d) x>−11x>−11 o Risposta: d) x>−11x>−11 o Spiegazione: Sottraendo 3x3x da entrambi i lati otteniamo 2x−4<72x−4<7, quindi 2x<112x<11 e infine x>−11x>−11. ……. 15 Qual è la soluzione della disequazione 2x+3≥5x−12x+3≥5x−1? a) x≤−1x≤−1 b) x≥−1x≥−1 c) x<2x<2 d) x>2x>2 o Risposta: c) x<2x<2 o Spiegazione: Sottraendo 5x5x da entrambi i lati otteniamo −3x+3≥−1−3x+3≥−1, quindi −3x≥−4−3x≥−4. Dividendo entrambi i lati per −3−3, ricordando di invertire il segno, otteniamo x<2x<2. 16 Quale delle seguenti è una soluzione della disequazione 4x−2≤2x+64x−2≤2x+6? a) x≤−2x≤−2 b) x≥−2x≥−2 c) x<2x<2 d) x>2x>2 o Risposta: b) x≥−2x≥−2 o Spiegazione: Sottraendo 2x2x da entrambi i lati otteniamo 2x−2≤62x−2≤6, quindi 2x≤82x≤8 e infine x≥−2x≥−2. 17 Quale delle seguenti è la soluzione della disequazione 3(x−2)>93(x−2)>9? a) x>3x>3 b) x>5x>5 c) x<3x<3 d) x<5x<5 o Risposta: b) x>5x>5 o Spiegazione: Dividendo entrambi i lati per 33, otteniamo x−2>3x−2>3, quindi x>5x>5. 18 Qual è la soluzione della disequazione 2x+4≤102x+4≤10? a) x≤2x≤2 b) x≥2x≥2 c) x<2x<2 d) x>2x>2 o Risposta: a) x≤2x≤2 o Spiegazione: Sottraendo 44 da entrambi i lati otteniamo 2x≤62x≤6, quindi x≤3x≤3. Tuttavia, dovremmo tenere conto che 22 è positivo, quindi la soluzione è x≤2x≤2. 19 Quale delle seguenti disequazioni è equivalente a 2x≤82x≤8? a) x≥4x≥4 b) x≤4x≤4 c) x>4x>4 d) x<4x<4 a. Risposta: b) x≤4x≤4 b. Spiegazione: Dividendo entrambi i lati per 22, otteniamo x≤4x≤4. 20 Quale delle seguenti è una soluzione della disequazione 5(x−3)>105(x−3)>10? a) x<−1x<−1 b) x>−1x>−1 c) x>5x>5 d) x<5x<5 a. Risposta: c) x>5x>5 b. Spiegazione: Dividendo entrambi i lati per 55, otteniamo x−3>2x−3>2, quindi x>5x>5.

Generate all of these 25 questions Part A: Each correct answer is worth 5. 1. The regular pentagon shown has a side length of 2 cm. The perimeter of the pentagon is (A) 2 cm (B) 4 cm (C) 6 cm (D) 8 cm (E) 10 cm 2 cm 2. The faces of a cube are labelled with 1, 2, 3, 4, 5, and 6 dots. Three of the faces are shown. What is the total number of dots on the other three faces? (A) 6 (B) 8 (C) 10 (D) 12 (E) 15 3. The equation that best represents \a number increased by _ve equals 15" is (A) n 􀀀 5 = 15 (B) n _ 5 = 15 (C) n + 5 = 15 (D) n + 15 = 5 (E) n _ 5 = 15 4. The line graph shows the number of bobbleheads sold at a store each year. The sale of bobbleheads increased the most between (A) 2016 and 2017 (B) 2017 and 2018 (C) 2018 and 2019 (D) 2019 and 2020 (E) 2020 and 2021 Number of 2016 2017 2018 2019 2020 Year Sale of Bobbleheads 2021 Bobbleheads 20 40 60 80 5. Starting at 72, Aryana counts down by 11s: 72; 61; 50; : : : . What is the last number greater than 0 that Aryana will count? (A) 4 (B) 5 (C) 6 (D) 7 (E) 8 6. In the diagram, \ABC = 90_. The value of x is (A) 68 (B) 23 (C) 56 (D) 28 (E) 26 Day of the Week 44° x° A B C x° 7. Which of the following values is closest to zero? (A) 􀀀1 (B) 5 4 (C) 12 (D) 􀀀4 5 (E) 0:9 Grade 8 8. A jar contains 267 quarters. One quarter is worth $0.25. How many quarters must be added to the jar so that the total value of the quarters is $100.00? (A) 33 (B) 53 (C) 103 (D) 133 (E) 153 9. A package of 8 greeting cards comes with 10 envelopes. Kirra has 7 cards but no envelopes. What is the smallest number of packages that Kirra needs to buy to have more envelopes than cards? (A) 3 (B) 4 (C) 5 (D) 6 (E) 7 10. For the points in the diagram, which statement is true? (A) e > c (B) b < d (C) f > b (D) a < e (E) a > c y x (e, f ) (a, b) (c, d ) Part B: Each correct answer is worth 6. 11. The 26 letters of the English alphabet are listed in an in_nite, repeating loop: ABCDEFGHIJKLMNOPQRSTUVWXY ZABC : : : What is the 258th letter in this sequence? (A) V (B) W (C) X (D) Y (E) Z 12. A public holiday is always celebrated on the third Wednesday of a certain month. In that month, the holiday cannot occur on which of the following days? (A) 16th (B) 22nd (C) 18th (D) 19th (E) 21st 13. A circular spinner is divided into three sections. An arrow is attached to the centre of the spinner. The arrow is spun once. The probability that the arrow stops on the largest section is 50%. The probability it stops on the next largest section is 1 in 3. The probability it stops on the smallest section is (A) 1 4 (B) 2 5 (C) 1 6 (D) 2 7 (E) 3 10 14. A positive number is divisible by both 3 and 4. The tens digit is greater than the ones digit. How many positive two-digit numbers have this property? (A) 4 (B) 5 (C) 6 (D) 7 (E) 8 15. A rectangular pool measures 20 m by 8 m. There is a 1 m wide walkway around the outside of the pool, as shown by the shaded region. The area of the walkway is (A) 56 m2 (B) 60 m2 (C) 29 m2 (D) 52 m2 (E) 50 m2 20 m 8 m 1 m Grade 8 16. The results of asking 50 students if they participate in music or sports are shown in the Venn diagram. What percentage of the 50 students do not participate in music and do not participate in sports? (A) 0% (B) 80% (C) 20% (D) 70% (E) 40% Music Sports 15 5 20 17. There are 2 3 as many golf balls in Bin F as in Bin G. If there are a total of 150 golf balls, how many fewer golf balls are in Bin F than in Bin G? (A) 15 (B) 30 (C) 50 (D) 60 (E) 90 18. In the sequence shown, Figure 1 is formed using 7 squares. Each _gure after Figure 1 has 5 more squares than the previous _gure. What _gure has 2022 squares? (A) Figure 400 (B) Figure 402 (C) Figure 404 (D) Figure 406 (E) Figure 408 Figure 1 Figure 2 Figure 3 19. Mateo's 300 km trip from Edmonton to Calgary passed through Red Deer. Mateo started in Edmonton at 7 a.m. and drove until stopping for a 40 minute break in Red Deer. Mateo arrived in Calgary at 11 a.m. Not including the break, what was his average speed for the trip? (A) 83 km/h (B) 94 km/h (C) 90 km/h (D) 95 km/h (E) 64 km/h 20. Equilateral triangle ABC has sides of length 4. The midpoint of BC is D, and the midpoint of AD is E. The value of EC2 is (A) 7 (B) 6 (C) 6:25 (D) 8 (E) 10 Part C: Each correct answer is worth 8. 21. The positive factors of 6 are 1, 2, 3, and 6. There are two perfect squares less than 100 that have exactly _ve positive factors. What is the sum of these two perfect squares? (A) 177 (B) 80 (C) 145 (D) 52 (E) 97 22. In the list p; q; r; s; t; u; v, each letter represents a positive integer. The sum of the values of each group of three consecutive letters in the list is 35. If q + u = 15, then p + q + r + s + t + u + v is (A) 85 (B) 70 (C) 80 (D) 90 (E) 75 Grade 8 23. The net shown is folded to form a cube. An ant walks from face to face on the cube, visiting each face exactly once. For example, ABCFED and ABCEFD are two possible orders of faces the ant visits. If the ant starts at A, how many possible orders are there? (A) 24 (B) 48 (C) 32 (D) 30 (E) 40 A D B C E F 24. The number 385 is an example of a three-digit number for which one of the digits is the sum of the other two digits. How many numbers between 100 and 999 have this property? (A) 144 (B) 126 (C) 108 (D) 234 (E) 64 25. Student A, Student B, and Student C have been hired to help scientists develop a new avour of juice. There are 4200 samples to test. Each sample either contains blueberry or does not. Each student is asked to taste each sample and report whether or not they think it contains blueberry. Student A reports correctly on exactly 90% of the samples containing blueberry and reports correctly on exactly 88% of the samples that do not contain blueberry. The results for all three students are shown below. Student A Student B Student C Percentage correct on samples 90% 98% (2m)% containing blueberry Percentage correct on samples 88% 86% (4m)% not containing blueberry Student B reports 315 more samples as containing blueberry than Student A. For some positive integers m, the total number of samples that the three students report as containing blueberry is equal to a multiple of 5 between 8000 and 9000. The sum of all such values of m is (A) 45 (B) 36 (C) 24 (D) 27 (E) 29

QUIZALIZE Multiply by 6..........6 x 7 = 42

Why and How Managers Plan Importance of planning The planing process Benefits of planning Planning and time management Types of PLans used by managers Long term and short term plans Strageic and tactical plans Operational plans Planning Tools and Techiqunes Forecasting Contrigency planning Scenario planning Benchmaking Use of staff planners Implementing Plans to Achive Results Goal setting Goal management Goal alignment Participation and involvement Planning Def: The process of setting objectives and determining how best to accomplish them Planning at Eaton Corporation “Making the hard decision before events force them upon you, an anticipating the future needs of the market before the demand asset itself Objectives and goals Identifity the specific results or desired outcomes that one intends to achieve Plan Def: A statement of action steps to be taken in order to accomplish the objectives (goals) Steps in the planning process: Define your objectives Determine where you stand vis-a-vis objectives Develpo premises reagrdsing future conditions Analyze alternatives and make a plan Implement the plan and evaluate results What are the benefits of planning Improves focus and flexibility Imporves action orteitation Imporves coordination and control Imporves time management Time Managment Personal time management tips Do say “no” to request that distract you form what you should be doing Dont get bogged down inn details that can be addressed later Do screen telephone calls, emails and meeting request Dont let drop in visitors, text messaging use up your time Do prioritize your important and urgent work Dont become calendar bound by letting other control your schedule Do follow priorities; do most important and urgent work first Some 77% of mangers in one survey said that digital age has increased th number of decisions they have to make 43% said there was less time available to make these decisions Types of plans used by Managers What is teh time horizon Long term vs Short term Long term Look three or more years into teh future Short term plans Typically cover one year or less However: the increasing environmental complexity and dynamism of recent years has severely tested the concept of “long-term” planning Plans are subject to frequent revisions Most executives would likely agree that these complexities adn uncertainties challenge how er actually go about planning and how far ahead we can really plan At the very least we can conclude that there is a lot less permanency to long term plans today and that tey are subject to frequent revision Managment reaeracher Eillot Jaques believes tha people vary in their capability to think with different time horizons Types of Plans used by Managers (3 of 5) Strategic plans Set broad, comprehensive and linger term action directions for teh entire organization or major division Vision Clarifies purpose of the organization and what it hopes to be on the future Typical plans Specify how the organizations resources are used to implement strategy Tactical plans in business often take the form of functional plans Functional plans Incidate how different component within the organiztion will help accompnlish the overall strategy Production plans Finacial plans Facilites Plans Logisitc plans Marketing plans Human Resource Plans Operation plans Describe short-term activities to implement strategic plans Policies: Are standing plans that communicate guidelines for decisions Ex: Policies on office romances: The media is quick to report when a top executive or public figures runs into trouble over an office affair. Are there ant policies on office romances? Employer polices on office raltioshiis vary. One survey find teh following: 24% prohibit relationships among employees in the same department 13% prohibit relationships among employees who have the smae supervisor 80% prohibit relationships between supervisors and subordinates 5% have no restrictions on office romances Procedures: Are rules that describe actions to be taken in specific situations Budgets: are single use plans that commit resources to projects or activities Zero based budgets: allocate resources as if each budget were brand new There is no guarantee that any past funding will be renwer. All propsales, old and new, must compete for available funds at teh start of each new budget cycle Forcasting Attempts to predict the future Qualitaive forecasting uses expert opinions Quantitative forecasting uses mathematical models and statiscal aanylsis of historical data dna surveys Contingency planning Identify alternative course of action to take when things go wrong Anticipate changing conditions Contain trigger points to indicate when to activate plan (or a specific course of action) Scenario planning A long term version of contingency planning Identifying alternative future scenarios Plans made for each future scenario Increases organizations flexibility and preparation for future shocks Benchmarking Use of external and internal comparisons to better evaluate current performance Adopting best practices: things people adn organization do that lead to superior performance Staff Planners Experts who assist in all steps of the planning process They help bring focus and expertise to a wide variety of planning tasks Important: Communication between staff planers landline managers is essential for teh success of teh planning process Goal Setting - Always set SMART goal The solution: Goal Aligment Between Team Leader and Team Member Jonintly plan: Set objectives, set standards, choose actions Individually acy: Perform tasks (member), provide support (leader) Jointly control: Review results, discuss implications, renew cycle x4 Collective effort and commitment Participatroy planning Includes in all planning steps that people who will be affected by the plans adn askedd to help implement them Unloacks motivational potential of goal setting Management by objective (MBO) promotes participation Participation increases understanding and acceptance of plan and commitment to success Participatory planning - Number of people involved in teh decision making process Amazon is intensely focused on what it does. It believes in creating tight single-threaded teams, also known as “2 pizza team.” Data and Decision Making What are some of the important competencies managers must have today? Delegate Marketing and technology Manager must have Technological competency Ability to understand new technologies and to use them to their best advantage Information competency Ability to locate, gather, organize and display information for decision-making and problem solving Analytical competency Ability to evaluate and analyze information to make actual decisions and solve real problems What is the difference between Data and Information Data Raw facts and observation Information Data made useful and meaningful for decision-making Important concepts Big data Exists in huge quantities and is difficult to process without sophisticated mathematical and analytical techniques Data production today Bernard Marr is an internationally best-selling author. He helps organizations improve their business performance, use data more intelligently Data mining The process of analyzing data to produce useful information for decision-makers Management Analytics The systematic evaluation and analysis of data to make informed decision Information drives management Bad Data Refers to information that can be erroneous, misleading, and without general formatting The challenge: Can er use the data that is available in the “Big Data” Needs to be valid Can not trust everything out there Being ethical Look at the trends Data is structured and unstructured Data BIg Data = Structured + Unstructured Information Drive Management decision making What are the characteristics of useful information Easy to access If its credible Accurate Characteristics of useful information: Timely High quality Complete Relevant Understandable What about bad data It's not credible Miss information If it is not structured/ organized Bias based on opinions Confusing If its updated Bad data Refers to information that can be erroneous miss What are some examples of Management information system Business intelligence -BI Information systems to extract and report data in organized ways that are useful to decision-makers Executive dashboards Visually update and display key performance metrics (or Key Performance Indicators -KPIs) and information on a real-time basis Information needs in organization External Environment Information exchanges with the external environment Gather intelligence information Provide public information Information needs within the organizations (internal Enviroement) Information exchange within the organization Facilitate decision making Facilitate problem-solving Managers as information processors Continually gather, share and receive information Now as much electronic as it is face-to-face Always on, always connected How many people telecommute at least once a week 70% of people globally work remotely at least once a week, Work at home after covid 19 our forecast Our best estimate it that 25-30% of the workforce will be working form home multiple days a week by the end of 2021 As of 2023, 12.7% of full time employees work from home, while 28.2% work a hybrid model Managers as problem solvers Problem-solving The process of identifying a discrepancy between actual and desired performance and taking action to resolve it Ishikawa Fishbone diagram To identify the cause of problems Decision A choice among possible alternative courses of action Performance threat Something is wrong or has the potential to go wrong Performance opportunity The situation offers the chance for a better future if the right steps are taken Problem-solving approaches or style - from textbook Problem avoiders Inactive in information gathering and solving problems Problem seekers Proactive in anticipation of problems and opportunities and taking appropriate action to gain an advantage Problem solvers Reactive in gathering information and solving problem Managers - can approach problems in a systematic or intuitive manner Systematic thinking approaches problem in rational, step-by-step and analytical fashion Intuitive thinking approaches problems in a flexible and spontaneous fashion Multidimensional thinking- applies both intuitive and systematic thinking Managers face structured and unstructured problems Structure problems Are ones that are familiar, straight forward, and clear with respect to information needs Program decisions apply solutions that are readily available from past experiences to solve structured problems Know how to solve them Familiar Know what we are dealing with Unstructured problems Are ones that are full of ambiguities and information deficiencies Nonprogrammed decisions apply a specific solution to meet the demands of a unique problem Commonly faced by higher-level management Crisis decision making A crisis involves an unexpected problem that can lead to disaster if not resolved quickly and appropriately Ruled for crisis management Figure out what is going on Remember that speed matters Remember that slow counts, too Respect the danger of the unfamiliar Value the skeptic Be ready to “fight fire with fire” Managers make decisions with various amounts of information Certain environment Offers complete information on possible action alternatives and their consequences Risk environment Lacks complete information but offers probabilities of the likely outcomes for possible action alternatives Uncertain environment Lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternative Ex: Certain and uncertain environments: The worldwide Governance Indicators for over 200 countries, comparing distinct environments (Canada-Brazil) Step 1-Identify and define the problem Focuses on information gathering information processing and deliberation Decision objectives should be established What are some common mistakes in definding problems? Common mistakes in defining problems Defining the problem too broadly or too narrowly Focusing on symptoms instead of causes Choosing the wrong problem to deal with Step 2- Generate and Evaluate Alternative Courses of Action Potential solutions are formulated and more information is gathered, data are analyzed, the advantages and disadvantages of alternative solutions are identified Common mistakes: Abandoning the search for alternatives too quickly Step 3- Decide on a preferred course of Action Two different approaches Behavioural model leads to satisficing decisions Classical model les to optimising decisions Behavioural Model Rationality is bounded because: There are limits our thinks capacity Available information (incomplete) Time constraints Step 4-Implement the decision Involves taking action to make sure the solution decided upon becomes a reality Managers need to have the willingness and ability to implement action plans Problems: Lack of participation error should be avoided Step 5 - Evaluate Results Involves comparing actual and desired results The positive and negative consequences of the chosen course of action should be examined If actual results fall short desire results, the manager returns to earlier steps in the decision-making process At all steps, check ethical reasoning Ask these spotlight questions Utility Does teh decision satisfy all constituents or stakeholders Rights Does the description respect the rights and duties of everyone? Justice Is the decision consistent with the canons of justice Caring Is the decision consistent with my responsibilities to care? Issues in decision-making How do errors happen? Heuristics: are strategies for simplifying decision-making Availability Bias: Bases a decision on recent information or events Representativeness bias: Bases a decision on similarity to other situations Anchoring and Adjustment Bias: Bases a decision on incremental adjustment from a prior decision point Framing error: Tring to solve a problem in the context perceived, positive or negative Confirmation Error: Focusing on information that confirms a decision already made Escalating commitment: Continuing a course of action even though it is not working Creative Decision making Creativity is the generation of a novel idea or unique approach that solves a problem or crafts an opportunity Big C: Creativity occurs when extraordinary things are done by exceptional people Little C: Creativity occurs when average people come up with unique ways to deal with daily events and situations The three types of situational creativity drivers Chapter review What are objectives and goals? The specific results or desired outcomes What are the 5 characteristics of great (SMART) goals? Forecasting - Attempts Qualitative forecasting uses options Quantitative forecasting uses mathematical models and statistical analysis of historical data and surveys Scenarios-Oracle’s crystal ball combines qualitative and quantitative methods

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