Exam 4: Foundations of Decision Making

"No smoking allowed" is an example of which of the following?

When the outcome of a management decision is uncertain, the decision involves _________.

Jay tends to always look at the broad picture and likes to look at many alternatives. He focuses on the long run and looks for creative solutions. He prefers which of the following styles of decision making?

The _________ is the most recent approach to group decision making that blends the nominal group technique with sophisticated computer technology.

"Whenever possible, we promote from within" is an example of which of the following?

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. -The conceptual style of decision making is preferred by

Price, size, gas mileage, color, options, and repair records are examples of which of the following when purchasing a new car?

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. -After talking to Dave's boss, it appears that Dave decided to repair rather than replace the old fax machine in the past because he thought it would be cheaper to fix it than replace it. As it turns out, it has cost Dave three times as much to fix the machine or buy a new machine over the past two years than it would have cost to purchase a new one. Yet, Dave still persists in wanting to repair the old machine. This is an example of_________ .

To choose the correct alternative, we should determine all pertinent factors in the decision, weigh the important ones, and then identify the viable alternatives to find the one with the highest score.

Group decisions provide _________ information than do individual ones.

The decision- making process begins with identification of decision criteria.

The decision- making process is a set of eight steps that begins with an analysis of the feasibility of alternatives.

One assumption of the rational decision- making model is that time and cost constraints are known.

Which of the following is not true about group decisions?

Once in place, expert systems allow employee and lower level managers to make high quality decisions that previously could have been made only by_________ .

When decisions must be made with limited information because full knowledge of the problem is unavailable and the probability of outcomes is unknown, the condition of uncertainty exists.

Creativity refers to