Exam 4: Foundations of Decision Making

Application of Decision Making: A Contingency Approach It seems that all Dave accomplishes is making decisions. Every time he turns around, someone wants him to decide on one more thing. Just today the secretary came in and asked if she could reorder paper for the fax machine. Somehow that seemed like a decision he really did not need to deal with. If he could avoid those types of decisions, then when the foreman came in with the news of a major piece of equipment that needs repair, in which the repair bill will be almost as much as a new machine, Dave could focus more time and attention on the more complicated issues. -The decision about how to handle the equipment repair/replacement is

Application of Decision Making: A Contingency Approach It seems that all Dave accomplishes is making decisions. Every time he turns around, someone wants him to decide on one more thing. Just today the secretary came in and asked if she could reorder paper for the fax machine. Somehow that seemed like a decision he really did not need to deal with. If he could avoid those types of decisions, then when the foreman came in with the news of a major piece of equipment that needs repair, in which the repair bill will be almost as much as a new machine, Dave could focus more time and attention on the more complicated issues. -The decision by the secretary to re- order paper from the same supplier first week of every month is an example of

Application of Decision Making: A Contingency Approach It seems that all Dave accomplishes is making decisions. Every time he turns around, someone wants him to decide on one more thing. Just today the secretary came in and asked if she could reorder paper for the fax machine. Somehow that seemed like a decision he really did not need to deal with. If he could avoid those types of decisions, then when the foreman came in with the news of a major piece of equipment that needs repair, in which the repair bill will be almost as much as a new machine, Dave could focus more time and attention on the more complicated issues. -The problem of whether or not to order more fax paper is

A country's cultural environment is reflected in the decisions made by managers. Which of the following is not true about the culture and decisions made by managers in India?

As managers move up the organizational hierarchy, problems are more likely to become

"Only employees with top- secret clearance may enter the sealed room," is an example of a

Distinguish between programmed and nonprogrammed decisions, and describe when managers in organizations can most appropriately use each type of decision.

"Decision making under risk" means _________.

Which of the following is an advantage of group decision- making when compared to individual decision- making?

A method that can be used to overcome the tendency toward conformity in group decision making is which of the following?

The strengths and weaknesses of each alternative become obvious in which step of the decision making- process?

_________is the aspect of decision making that is based on such facts as costs, revenues, and product design specifications.

Re- ordering inventory from the same supplier in the first week of every month is an example of

Explain the difference between certainty, risk, and uncertainty.

Joe, the manager of Internet Made Easy, is concerned. He is trying, like all technological based companies, to stay ahead of the competition by being the first to offer the new services available on the Internet. His business offers training to local businesses, and so he must offer the latest available information; however, he must also advertise the classes and the content, which means going to the publisher with that information six weeks before a class is to begin. What should his next series of classes offer? Joe is operating under which of the following conditions?

Application of Decision- Making Styles Jeremy has noticed that the people within his organization make decisions in very different ways. Jackie is rational and has a low tolerance for ambiguity. She is efficient and generally makes decisions that are applicable to the short term. Andy tends to be very broad in his outlook and looks at many alternatives before making a decision. He generally focuses on the long term. Alexandra thinks intuitively and works well with others. She is open to suggestions and concerned about her coworkers. Jeremy himself wants to have complete information before making a decision and always carefully considers many alternatives. -Every decision maker in Jeremy's organization brings a unique set of_________ to his or her problem solving efforts.

In the rational decision making process, a manager evaluates each alternative by appraising it against what he or she expects to gain from the situation.

What is an electronic meeting?

_________use(s)software programs to encode the relevant experience of an expert and allow a system to act like that expert in analyzing and solving ill structured problems.

Managers often seek solutions that are satisfactory and sufficient. This is known as which of the following?