Risk Management and Insurance > QUESTIONS & ANSWERS > University of TexasSEM 6304Assignment 2 CORRECTLY ANSWERED (All)

University of TexasSEM 6304Assignment 2 CORRECTLY ANSWERED

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Question 2.2. For each of the following decision-making processes, in which decision context is it most appropriate? (a) Use a rule that clearly applies the same principles to every case. (b) Seek... and analyze information from credible sources and experts and determine which alternative is best. (c) Look for patterns and generate new ideas before deciding what to do. (d) Make decisions quickly and reestablish order. Answer 2.2 (a) Use a rule that clearly applies the same principles to every case. – Simple Context (b) Seek and analyze information from credible sources and experts and determine which alternative is best. – Complicated Context (c) Look for patterns and generate new ideas before deciding what to do.- Disorder Context (d) Make decisions quickly and reestablish order. – Chaotic Context Question 2.4. In a fundamental objectives’ hierarchy, which of the following statements best describes the relationship between a fundamental objective (O) and the objectives? (X, Y, Z) that are immediately below objective O in the hierarchy? (a) X, Y, and Z are fundamental objectives that are more general than objective O. (b) X, Y, and Z are fundamental objectives that are more specific than objective O. (c) X, Y, and Z are means objectives that describe how to achieve objective O (d) X, Y, and Z are means objectives that describe why objective O is important. [Show More]

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