Question 1

If a manager is not sure if a particular business practice is ethical, he or she should seek advice, if possible, from the company's ethics ombudsperson.

Accepted Answer

A) True 
 B)False

Question 2

The classical or rational model is , which means that it specifies how decisions should be made.

Accepted Answer

A) legal 
B) heuristic 
C) prescriptive 
D) satisficing 
E) intuitive 
A) legal 
B) heuristic 
C) prescriptive 
D) satisficing 
E) intuitive

Question 3

An organization's code of ethics is derived from which of the following?

Accepted Answer

A) Individual ethics 
B) Professional ethics 
C) Societal, professional, and individual ethics 
D) Societal ethics 
E) Professional and individual ethics 
A) Individual ethics 
B) Professional ethics 
C) Societal, professional, and individual ethics 
D) Societal ethics 
E) Professional and individual ethics

Question 4

Discuss the ways in which organizations can encourage and promote ethical behaviour.

Accepted Answer

To encourage ethical behaviour on the pa

Question 5

The rational or classical model of decision making assumes that managers have all the information they need to make an optimal decision in the best interests of the organization.

Accepted Answer

A) True 
 B)False

Question 6

Decisions that protect the environment, promote social responsibility, respect cultural differences, and provide an economic benefit are known as sustainability decisions.

Accepted Answer

A) True 
 B)False

Question 7

Analyzing the costs and benefits of each alternative falls under ethical criteria.

Accepted Answer

A) True 
 B)False

Question 8

argued that "rules of thumb" simplify decision making.

Accepted Answer

A) Mary Parker Follet 
B) Kahneman and Tversky 
C) Peter Senge 
D) Fredrick Taylor 
E) March and Simon 
A) Mary Parker Follet 
B) Kahneman and Tversky 
C) Peter Senge 
D) Fredrick Taylor 
E) March and Simon

Question 9

One criteria for evaluating the pros and cons of alternative courses of action is "practicality".

Accepted Answer

A) True 
 B)False

Question 10

Ethics help people determine moral responses to situations in which the best course of action is unclear.

Accepted Answer

A) True 
 B)False

Question 11

A manager decided to continue to purchase insurance from a company that charged high premiums, even though the manager knew that he or she could get the same coverage for less.This is an example of what type of cognitive bias?

Accepted Answer

A) Escalating commitment 
B) Illusion of control and overconfidence bias 
C) Systematic errors 
D) Representative bias 
E) Prior hypothesis bias 
A) Escalating commitment 
B) Illusion of control and overconfidence bias 
C) Systematic errors 
D) Representative bias 
E) Prior hypothesis bias

Question 12

Decision-making styles vary in terms of a person's way of thinking and on the tolerance for ambiguity.

Accepted Answer

A) True 
 B)False

Question 13

Uncertainty occurs when the outcomes of possible courses of action are known.

Accepted Answer

A) True 
 B)False

Question 14

Being proactive in terms of social responsibility includes thinking beyond what the law requires.

Accepted Answer

A) True 
 B)False

Question 15

Ordering basic office supplies by the office manager whenever the inventory on hand drops below a certain level, is an example of nonprogrammed decision making.

Accepted Answer

A) True 
 B)False

Question 16

Managers who are rational in their way of thinking and have a low tolerance for ambiguity have which decision-making style?

Accepted Answer

A) Analytic 
B) Directive 
C) Behavioural 
D) Conceptual 
E) None of the choices are correct 
A) Analytic 
B) Directive 
C) Behavioural 
D) Conceptual 
E) None of the choices are correct

Question 17

Bounded rationality refers to the inability of managers to be completely rational when processing information.

Accepted Answer

A) True 
 B)False

Question 18

The rational or classical model of decision making assumes:

Accepted Answer

A) That managers tend to satisfice 
B) That managers often make decisions under conditions of uncertainty 
C) That a manager's ability to be rational is limited or bounded 
D) That managers have all the information they need to make an optimal decision 
E) That managers often do not act in the best interests of the organization 
A) That managers tend to satisfice 
B) That managers often make decisions under conditions of uncertainty 
C) That a manager's ability to be rational is limited or bounded 
D) That managers have all the information they need to make an optimal decision 
E) That managers often do not act in the best interests of the organization

Question 19

According to the text, when Richard Branson launched the Pulse MP3 to compete with Apple's iPod, this was an example of:

Accepted Answer

A) systematic errors 
B) illusion of control and overconfidence bias 
C) prior hypothesis bias 
D) escalating commitment 
E) representative bias 
A) systematic errors 
B) illusion of control and overconfidence bias 
C) prior hypothesis bias 
D) escalating commitment 
E) representative bias

Question 20

When a manager performs a cost benefit analysis of the various alternatives he/she is considering, on which criteria for decision making is this manager focusing?

Accepted Answer

A) Practicality 
B) Economic feasibility 
C) Ethnicity 
D) Legality 
E) All of these choices are incorrect 
A) Practicality 
B) Economic feasibility 
C) Ethnicity 
D) Legality 
E) All of these choices are incorrect

If a manager is not sure if a particular business practice is ethical, he or she should seek advice, if possible, from the company's ethics ombudsperson.

The classical or rational model is , which means that it specifies how decisions should be made.

An organization's code of ethics is derived from which of the following?

Discuss the ways in which organizations can encourage and promote ethical behaviour.

The rational or classical model of decision making assumes that managers have all the information they need to make an optimal decision in the best interests of the organization.

Decisions that protect the environment, promote social responsibility, respect cultural differences, and provide an economic benefit are known as sustainability decisions.

Analyzing the costs and benefits of each alternative falls under ethical criteria.

argued that "rules of thumb" simplify decision making.

One criteria for evaluating the pros and cons of alternative courses of action is "practicality".

Ethics help people determine moral responses to situations in which the best course of action is unclear.

A manager decided to continue to purchase insurance from a company that charged high premiums, even though the manager knew that he or she could get the same coverage for less.This is an example of what type of cognitive bias?

Decision-making styles vary in terms of a person's way of thinking and on the tolerance for ambiguity.

Uncertainty occurs when the outcomes of possible courses of action are known.

Being proactive in terms of social responsibility includes thinking beyond what the law requires.

Ordering basic office supplies by the office manager whenever the inventory on hand drops below a certain level, is an example of nonprogrammed decision making.

Managers who are rational in their way of thinking and have a low tolerance for ambiguity have which decision-making style?

Bounded rationality refers to the inability of managers to be completely rational when processing information.

The rational or classical model of decision making assumes:

According to the text, when Richard Branson launched the Pulse MP3 to compete with Apple's iPod, this was an example of:

When a manager performs a cost benefit analysis of the various alternatives he/she is considering, on which criteria for decision making is this manager focusing?

Managers and Managing

Managing the Organizational Environment

Managing Planning and Strategy

Managing Organizational Structure

Managing Communication and Information Technology It

Managing Human Resources

Managing Motivation

Managing Leadership

Managing Teams

Managing Control and Operations

Managing Change

Filters

Exam 3: Managing Decision Making

If a manager is not sure if a particular business practice is ethical, he or she should seek advice, if possible, from the company's ethics ombudsperson.

The classical or rational model is , which means that it specifies how decisions should be made.

An organization's code of ethics is derived from which of the following?

Discuss the ways in which organizations can encourage and promote ethical behaviour.

The rational or classical model of decision making assumes that managers have all the information they need to make an optimal decision in the best interests of the organization.

Decisions that protect the environment, promote social responsibility, respect cultural differences, and provide an economic benefit are known as sustainability decisions.

Analyzing the costs and benefits of each alternative falls under ethical criteria.

argued that "rules of thumb" simplify decision making.

One criteria for evaluating the pros and cons of alternative courses of action is "practicality".

Ethics help people determine moral responses to situations in which the best course of action is unclear.

A manager decided to continue to purchase insurance from a company that charged high premiums, even though the manager knew that he or she could get the same coverage for less.This is an example of what type of cognitive bias?

Decision-making styles vary in terms of a person's way of thinking and on the tolerance for ambiguity.

Uncertainty occurs when the outcomes of possible courses of action are known.

Being proactive in terms of social responsibility includes thinking beyond what the law requires.

Ordering basic office supplies by the office manager whenever the inventory on hand drops below a certain level, is an example of nonprogrammed decision making.

Managers who are rational in their way of thinking and have a low tolerance for ambiguity have which decision-making style?

Bounded rationality refers to the inability of managers to be completely rational when processing information.

The rational or classical model of decision making assumes:

According to the text, when Richard Branson launched the Pulse MP3 to compete with Apple's iPod, this was an example of:

When a manager performs a cost benefit analysis of the various alternatives he/she is considering, on which criteria for decision making is this manager focusing?

Managers and Managing

Managing the Organizational Environment

Managing Planning and Strategy

Managing Organizational Structure

Managing Communication and Information Technology It

Managing Human Resources

Managing Motivation

Managing Leadership

Managing Teams

Managing Control and Operations

Managing Change

Filters