Question 1

Which of the following is true about managerial rational decision making?

Accepted Answer

A) Most decisions managers face allow for rational decision making. 
B) Managers can make rational decisions if the manager is faced with a simple problem in which the goals are clear and the alternatives limited. 
C) Rational decision making is always possible if the goals are clear and straightforward. 
D) Time pressure forces managers into rational decision making. 
E) Rational decision making is generally possible when the decision involves 'things' but not people. 
A) Most decisions managers face allow for rational decision making. 
B) Managers can make rational decisions if the manager is faced with a simple problem in which the goals are clear and the alternatives limited. 
C) Rational decision making is always possible if the goals are clear and straightforward. 
D) Time pressure forces managers into rational decision making. 
E) Rational decision making is generally possible when the decision involves 'things' but not people.

Question 2

What is a characteristic that the experts say an effective decision-making process has?

Accepted Answer

A) It is inconsistent. 
B) It acknowledges only objective thinking. 
C) It focuses on all factors, even those that do not seem important. 
D) It requires only as much information and analysis as is necessary. 
E) It is usually a complex and convoluted process. 
A) It is inconsistent. 
B) It acknowledges only objective thinking. 
C) It focuses on all factors, even those that do not seem important. 
D) It requires only as much information and analysis as is necessary. 
E) It is usually a complex and convoluted process.

Question 3

In a short essay, explain what managers need to do to make effective decisions in today's fast-moving world.

Accepted Answer

In today's complex world, there are thre

Question 4

Lower-level managers typically confront what type of decision making?

Accepted Answer

A) unique 
B) non-routine 
C) programmed 
D) non-programmed 
E) non-repetitive 
A) unique 
B) non-routine 
C) programmed 
D) non-programmed 
E) non-repetitive

Question 5

The decision-making process is a simple process of choosing among alternatives.

Accepted Answer

A) True 
 B)False

Question 6

According to the text, a manager who desires to minimise his or her maximim 'regret' will opt for a ________ choice.

Accepted Answer

A) maximax 
B) maximin 
C) minimax 
D) minimin 
E) miximix 
A) maximax 
B) maximin 
C) minimax 
D) minimin 
E) miximix

Question 7

A process of making decisions on the basis of experience and accumulated judgment is ________ decision making.

Accepted Answer

A) rational 
B) intuitive 
C) bounded 
D) satisficing 
E) programmed 
A) rational 
B) intuitive 
C) bounded 
D) satisficing 
E) programmed

Question 8

In allocating weights to the decision criteria, which of the following is helpful to remember?

Accepted Answer

A) All weights must be the same. 
B) The total of the weights should sum to 1.0. 
C) Every factor criterion considered, regardless of its importance, must receive some weighting. 
D) Assign the most important criterion a score, and then assign weights against that standard. 
E) The most important and least important criteria should receive the inverse weighting standard. 
A) All weights must be the same. 
B) The total of the weights should sum to 1.0. 
C) Every factor criterion considered, regardless of its importance, must receive some weighting. 
D) Assign the most important criterion a score, and then assign weights against that standard. 
E) The most important and least important criteria should receive the inverse weighting standard.

Question 9

In a short essay, discuss bounded rationality and satisficing.

Accepted Answer

Despite the limits to perfect rationalit

Question 10

According to the textbook, because managers can't possibly analyse all information on all alternatives, managers ________, rather than ________.

Accepted Answer

A) maximise; satisfice 
B) maximise; minimise 
C) satisfice; minimise 
D) satisfice; maximise 
A) maximise; satisfice 
B) maximise; minimise 
C) satisfice; minimise 
D) satisfice; maximise

Question 11

________ decision making is relatively simple and tends to rely heavily on previous solutions.

Accepted Answer

A) Non-programmed 
B) Linear 
C) Satisficing 
D) Integrative 
E) Programmed 
A) Non-programmed 
B) Linear 
C) Satisficing 
D) Integrative 
E) Programmed

Question 12

A decision maker who relies mostly on ________ and ________ probably uses non-linear thinking style.

Accepted Answer

A) external data; intuition 
B) external data; logical thinking 
C) internal sources of information; insights 
D) internal sources of information; logical thinking 
E) external intuition; logical thinking 
A) external data; intuition 
B) external data; logical thinking 
C) internal sources of information; insights 
D) internal sources of information; logical thinking 
E) external intuition; logical thinking

Question 13

People whose preference for using external data and facts and processing this information through rational, logical thinking to guide decisions are said to have a linear thinking style.

Accepted Answer

A) True 
 B)False

Question 14

In a short essay, discuss the assumptions of rationality and the validity of those assumptions.

Accepted Answer

A decision maker who was perfectly ratio

Question 15

One assumption of rationality is that we cannot know all of the alternatives.

Accepted Answer

A) True 
 B)False

Question 16

A thinking style only reflects the type of information preferred by the decision maker.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is NOT a valid assumption about rationality?

Accepted Answer

A) The problem is clear and unambiguous. 
B) A single, well-defined goal is to be achieved. 
C) Preferences are clear. 
D) Preferences are constantly changing. 
E) No time or cost constraints exist. 
A) The problem is clear and unambiguous. 
B) A single, well-defined goal is to be achieved. 
C) Preferences are clear. 
D) Preferences are constantly changing. 
E) No time or cost constraints exist.

Question 18

According to the textbook, a ________ typically contains an ambiguous term that leaves interpretation up to the decision maker.

Accepted Answer

A) system 
B) rule 
C) solution 
D) policy 
E) procedure 
A) system 
B) rule 
C) solution 
D) policy 
E) procedure

Question 19

A series of eight steps that begins with identifying a problem and decision criteria and allocating weights to those criteria; moves to developing, analysing and selecting an alternative that can resolve the problem; implements the alternative; and concludes with evaluating the decision's effectiveness is the ________.

Accepted Answer

A) decision-making process 
B) managerial process 
C) maximin style 
D) bounded rationality approach 
E) legalistic opportunism process 
A) decision-making process 
B) managerial process 
C) maximin style 
D) bounded rationality approach 
E) legalistic opportunism process

Question 20

Which of the following is the final step in the decision-making process?

Accepted Answer

A) identifying the problem 
B) evaluating the decision's effectiveness 
C) identifying decision criteria 
D) selecting an alternative that can resolve the problem 
E) allocating weights to alternatives 
A) identifying the problem 
B) evaluating the decision's effectiveness 
C) identifying decision criteria 
D) selecting an alternative that can resolve the problem 
E) allocating weights to alternatives

Which of the following is true about managerial rational decision making?

What is a characteristic that the experts say an effective decision-making process has?

In a short essay, explain what managers need to do to make effective decisions in today's fast-moving world.

Lower-level managers typically confront what type of decision making?

The decision-making process is a simple process of choosing among alternatives.

According to the text, a manager who desires to minimise his or her maximim 'regret' will opt for a ________ choice.

A process of making decisions on the basis of experience and accumulated judgment is ________ decision making.

In allocating weights to the decision criteria, which of the following is helpful to remember?

In a short essay, discuss bounded rationality and satisficing.

According to the textbook, because managers can't possibly analyse all information on all alternatives, managers , rather than .

________ decision making is relatively simple and tends to rely heavily on previous solutions.

A decision maker who relies mostly on and probably uses non-linear thinking style.

People whose preference for using external data and facts and processing this information through rational, logical thinking to guide decisions are said to have a linear thinking style.

In a short essay, discuss the assumptions of rationality and the validity of those assumptions.

One assumption of rationality is that we cannot know all of the alternatives.

A thinking style only reflects the type of information preferred by the decision maker.

Which of the following is NOT a valid assumption about rationality?

According to the textbook, a ________ typically contains an ambiguous term that leaves interpretation up to the decision maker.

Which of the following is the final step in the decision-making process?

Introduction to Organisations and Management

Management Yesterday and Today

Environment and Organisational Culture: the Constraints

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managing Change and Innovation

Foundations of Planning

Strategic Management

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 6: Managers As Decision Makers

Which of the following is true about managerial rational decision making?

What is a characteristic that the experts say an effective decision-making process has?

In a short essay, explain what managers need to do to make effective decisions in today's fast-moving world.

Lower-level managers typically confront what type of decision making?

The decision-making process is a simple process of choosing among alternatives.

According to the text, a manager who desires to minimise his or her maximim 'regret' will opt for a ________ choice.

A process of making decisions on the basis of experience and accumulated judgment is ________ decision making.

In allocating weights to the decision criteria, which of the following is helpful to remember?

In a short essay, discuss bounded rationality and satisficing.

According to the textbook, because managers can't possibly analyse all information on all alternatives, managers ________, rather than ________.

________ decision making is relatively simple and tends to rely heavily on previous solutions.

A decision maker who relies mostly on ________ and ________ probably uses non-linear thinking style.

People whose preference for using external data and facts and processing this information through rational, logical thinking to guide decisions are said to have a linear thinking style.

In a short essay, discuss the assumptions of rationality and the validity of those assumptions.

One assumption of rationality is that we cannot know all of the alternatives.

A thinking style only reflects the type of information preferred by the decision maker.

Which of the following is NOT a valid assumption about rationality?

According to the textbook, a ________ typically contains an ambiguous term that leaves interpretation up to the decision maker.

Which of the following is the final step in the decision-making process?

Introduction to Organisations and Management

Management Yesterday and Today

Environment and Organisational Culture: the Constraints

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managing Change and Innovation

Foundations of Planning

Strategic Management

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

According to the textbook, because managers can't possibly analyse all information on all alternatives, managers , rather than .

A decision maker who relies mostly on and probably uses non-linear thinking style.