Question:

Please study and complete the following table by stating whether the characteristics of the information supporting these decision-making types: (a) are ill-defined or well-defined; (b) use internal or external information; (c) use internal or external information sources; (d) use future-oriented or historical information; (e) are frequent or infrequent; (f) use more or less accurate information. In the final column of the table, please provide one (1) example for each type of decision-making that illustrates and conrms your assessment of the information characteristics for each decision type. Type of Is the Does the Does the Is the Does the Example of decision Decision decision decision use decision use decision decision use type Making ill-defined internal or future-oriented frequent or more or less or well- external or historical infrequent? accurate defined? information? information? information? Strategic External Less Information accurate Managerial Both future- oriented and historical Operational Internal Frequent More information accurate Transactional Well- Historical defined