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About this document
- Pages
- 12 pages
- Price
- $12 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business, Philosophy
- Module
- Phi 320
This document contains multiple choice questions on business decision making. It covers topics such as the decision-making process, creativity in organizations, ethical decision making, and social responsibility. It is useful for students studying business decision making in the Phi 320 module.
What's inside
- Identifying unstated premises in arguments
- Steps in the decision-making process
- Objective and subjective claims
- Fostering creativity in organizations
- Valid arguments and ethical decision making
Who it is for: Students taking the Phi 320 module. (Undergraduate)
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Summary
Business decision making involves understanding arguments, claims and the decision-making process. Students get practice in identifying unstated premises and conclusions, and in distinguishing between objective and subjective claims.
Identifying premises and conclusions
An argument's premises and conclusions may be unstated. Students practice identifying them. Students also identify the first step in the decision-making process.
Objective and subjective claims
Objective claims are factual. Subjective claims are matters of opinion. Students practice distinguishing between the two.
Fostering creativity and group decision making
Creativity results when employees are given freedom to take risks. Students identify practices that foster creativity. Students also identify group decision-making techniques.
Ethical decision making and social responsibility
Students identify rules of ethical decision making. Students also identify approaches to social responsibility.
Key terms
- Premise
- A statement that supports a conclusion.
- Objective claim
- A claim that is factual.
- Subjective claim
- A claim that is a matter of opinion.
- Groupthink
- A phenomenon where group members fail to consider all alternatives.
- Ethical decision making
- Decision making that focuses on providing the greatest good for the greatest number of people.
- Social responsibility
- The degree to which a firm considers the impact of its decisions on society.
Questions this document helps with
- What is the first step in the decision-making process?
- What is the difference between an objective and a subjective claim?
- What is the utilitarian rule of ethical decision making?
Summary written with AI from the document's text.
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