Exam 6: Managers As Decision Makers

The ________ is when decision makers tend to remember events that are the most recent and vivid in their memory.

A ________ is a series of interrelated sequential steps that a manager can use for responding to a structured problem.

Which of the following is NOT a 'planning' decision?

Which of the following is NOT a 'controlling' decision?

Which thinking and decision-making style is superior to the other?

An individual making a 'maximin' type of choice has what type of psychological orientation concerning uncertain decision making?

Which of the following is important in effectively implementing the chosen alternative in the decision-making process?

In a short essay, list and discuss the eight steps in the decision-making process.

A ________ provides guidelines to guide a manager's thinking in a specific direction.

When decision makers selectively organise and interpret events based on their biased perceptions, they are using the ________ bias.

Overconfidence is a bias that leads people to accept at face value information that confirms their preconceived views and to be critical and sceptical of information that challenges these views.

Which of the following terms is associated with non-programmed decisions?

Selecting an alternative in the decision-making process is accomplished by ________.

Which of the following best describes 'maximizing the minimum possible payoff'?

According to the textbook, ________ are straightforward, familiar and easily defined problems.

Rules and policies are basically the same.

A business school's statement that it 'strives for productive relationships with local organisations' is an example of a ________.

The step in the decision-making process that involves choosing a best alternative is termed implementation.

If you used a shortened process of searching for a job, it is likely you ________ rather than maximised in your decision process.

When decision makers tend to think they know more than they do or hold unrealistically positive views of themselves and their performance, they are exhibiting ________.