Posted: February 26th, 2022

MGT – 425

Learning Outcomes:

No.

Course Learning Outcomes (CLOs)

Question Number

CLO1

Find some structured ways of dealing with complex managerial decision problems.

Question 2

CLO2

Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

Question 1

CLO3

Demonstrate the tools for deciding when and which decision models to use for specific problems.

Question 3

CLO4

Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.

Question 4 and 5

Assignment Instructions:

· Log in to Saudi Digital Library (SDL) via University’s website

· On first page of SDL, choose “English Databases”

· From the list find and click on EBSCO database.

· In the Search Bar of EBSCO find the following article:

Title: “Intuitive and Rational Cognition in the Theory and Practice of Management Sciences” (Case Study)

Author: Marcin Nowak, Joanna Ziomek

Date: March 03, 2019

Assignment Questions: (10-Marks)

Read the above article and answer the following Questions:

1. Explain the objective of this study according to your understanding (150-200 Words)

2. Why decision-making process is one of the most important issues in the area of management science? (150-200 Words)

3. What is the role of intuition in the managerial decision making? (150-200 Words)

4. What is the difference in rational and intuitive decision making style? (150-200 Words)

5. How this study is helpful for you in understanding the decision making process? (150-200 words)

Answers:

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