Exam 8: Decision Making and Problem Solving

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A nonprogrammed decision involves a nonroutine, poorly structured problem and cannot be made with existing decision .

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The Janis-Mann conflict model of decision making deals with important life decisions.

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Satisficing is the process of examining alternatives only until a minimally acceptable alternative is identified.

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If a decision maker answers "yes" to all the questions in the Janis- Mann conflict model, the decision maker will be in a state of

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One of the strengths of the to decision making is that is forces the decision maker to consider a decision in a logical, sequential manner, and the in-depth analysis of alternatives enables the decision maker to choose on the basis of information rather than emotion or social pressure.

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The creative process generally involves three phases.

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Post-decision dissonance is doubt about a choice already made.

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The rational decision-making process begins with the statement of a situational goal.

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A coalition is a formal alliance of individuals or groups formed to achieve a common goal.

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Susan's recent decision about which company her conglomerate was to buy was a nonprogrammed decision.

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According to the rational decision-making approach, evaluate the alternatives

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The rational decision-making approach assumes decision makers

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Jim purchases stock in a public company and he refuses to sell it even after repeated drops in the original price he paid for the stock.Jim has decided to purchase more of the stock in anticipation of making a profit, and has decided to keep the stock in the face of increasing losses.Jim is suffering from

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is the extent to which a decision maker is willing to gamble when making a decision.

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In situations where the information condition is , the decision maker knows all outcomes and makes the decision on the basis of the highest payoff.

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An innate belief about something without conscious consideration is called

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Programmed decisions are common at the lower levels of the organization.

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Under a state of , the decision maker lacks enough information to estimate the probability of outcomes.

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Ethics are a person's beliefs about what constitutes right and wrong behavior.

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Information conditions can be divided into programmed and nonprogrammed decisions.

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