Exam 6: Managers As Decision Makers

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In step five of the decision-making process, each alternative is evaluated by appraising it against the ________.

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Decision making is (simplistically)typically described as which of the following?

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

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Which of the following statements is true concerning problem identification?

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The use of programmed decision making is based on readily available information.

(True/False)
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The start-up costs of a franchise purchase is a possible decision criterion.

(True/False)
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The ideal situation for making decisions is low risk.

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________ is the condition in which the decision maker is able to estimate the likelihood of certain outcomes.

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A decision criterion defines what is relevant in a decision.

(True/False)
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Managers are NOT likely to characterise something as a problem if they perceive ________.

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HROs avoid unexpected circumstances as much as possible.

(True/False)
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Managerial decision making is assumed to be rational.

(True/False)
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A policy is an explicit statement that tells a manager what he or she ought or ought not to do.

(True/False)
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Decision making is more than 'choosing among alternatives' because decision making ________.

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Which of the following is a characteristic of poorly structured problems?

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What term is used by Navy aviators to describe a gut feeling that something isn't right?

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The use of 'rules of thumb' in decision-making is known as heuristics.

(True/False)
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In a short essay, list three related questions that can apply to decisions for each of the following management functions: planning, organising, leading and control.(Each of the management functions should each have at least three questions listed.)

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The final step in the decision-making process is implementing the chosen alternative.

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Structured problems align well with which type of decision making?

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