Question 1

Analytical competency is the ability to understand new technologies and to use them to their best advantage.

Accepted Answer

A) True 
 B)False  False

Question 2

A _____ decision occurs when an unexpected problem arises that can lead to disaster if not resolved quickly and appropriately.

Accepted Answer

A)  nonprogrammed 
B)  strategic 
C)  crisis 
D)  programmed 
E)  standard 
A)  nonprogrammed 
B)  strategic 
C)  crisis 
D)  programmed 
E)  standard C

Question 3

The ability to evaluate and examine information to make actual decisions and solve real problems is known as _____ competency.

Accepted Answer

A)  innovation 
B)  analytical 
C)  technological 
D)  interpersonal 
E)  information 
A)  innovation 
B)  analytical 
C)  technological 
D)  interpersonal 
E)  information B

Question 4

The _____ bases a decision on recent information or events.

Accepted Answer

A)  framing error 
B)  availability bias 
C)  representativeness bias 
D)  confirmation error 
E)  anchoring bias 
A)  framing error 
B)  availability bias 
C)  representativeness bias 
D)  confirmation error 
E)  anchoring bias

Question 5

____ participation error occurs when people are told they have a voice in decision making but no one in authority listens to their inputs.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  Generating alternative solutions 
B)  Evaluating results 
C)  Evaluating alternative solutions 
D)  Identifying and defining a problem 
E)  Choosing a preferred course of action 
A)  Generating alternative solutions 
B)  Evaluating results 
C)  Evaluating alternative solutions 
D)  Identifying and defining a problem 
E)  Choosing a preferred course of action

Question 7

Which of the following describes making decisions within the constraints of limited information and alternatives?

Accepted Answer

A)  Decision optimization 
B)  Management analytics 
C)  Bounded rationality 
D)  Classical decision model 
E)  Business intelligence 
A)  Decision optimization 
B)  Management analytics 
C)  Bounded rationality 
D)  Classical decision model 
E)  Business intelligence

Question 8

Little-C creativity occurs when ____ people come up with unique ways to deal with daily events and situations.

Accepted Answer

The answer of Little-C creativity occurs when ____ people come...

Question 9

_____ are open communicators, tend to be realistic, and emphasize both analysis and human relations.

Accepted Answer

A)  Intuitive feelers 
B)  Intuitive thinkers 
C)  Sensation feelers 
D)  Intuitive seekers 
E)  Sensation thinkers 
A)  Intuitive feelers 
B)  Intuitive thinkers 
C)  Sensation feelers 
D)  Intuitive seekers 
E)  Sensation thinkers

Question 10

Big-C creativity occurs when average people come up with unique ways to deal with daily events and situations.

Accepted Answer

A) True 
 B)False

Question 11

The ____ bias bases a decision on similarity to other situations.

Accepted Answer

The answer of The ____ bias bases a decision on...

Question 12

Which of the following is true about systematic thinking?

Accepted Answer

A)  It is often imaginative and works best in situations where facts are limited and few decision precedents exist. 
B)  It uses a quick and broad evaluation of the situation and the possible alternative courses of action. 
C)  It makes managers deal with many aspects of a problem at once and consider hunches based on past experience. 
D)  It makes a person approach a problem in a rational, step-by-step, analytical fashion. 
E)  It is always possible for the firm's top managers to make systematic fact-based decisions. 
A)  It is often imaginative and works best in situations where facts are limited and few decision precedents exist. 
B)  It uses a quick and broad evaluation of the situation and the possible alternative courses of action. 
C)  It makes managers deal with many aspects of a problem at once and consider hunches based on past experience. 
D)  It makes a person approach a problem in a rational, step-by-step, analytical fashion. 
E)  It is always possible for the firm's top managers to make systematic fact-based decisions.

Question 13

A(n) _____ occurs when a problem is evaluated and resolved in the context in which it is perceived.

Accepted Answer

A)  escalating commitment 
B)  lack-of-participation error 
C)  confirmation error 
D)  availability bias 
E)  framing error 
A)  escalating commitment 
B)  lack-of-participation error 
C)  confirmation error 
D)  availability bias 
E)  framing error

Question 14

Julio is devising a marketing plan for introducing his company's products into a new market. Julio comes up with customized marketing strategies that cater to the unique needs of the new market. All his decisions involve risk and uncertainty as he is unaware of the conditions in the new market. The type of decision being made by Julio in the above situation is called a _____ decision.

Accepted Answer

A)  repetitive 
B)  programmed 
C)  standard 
D)  nonprogrammed 
E)  satisficing 
A)  repetitive 
B)  programmed 
C)  standard 
D)  nonprogrammed 
E)  satisficing

Question 15

____ commitment is the continuation of a course of action even though it is not working.

Accepted Answer

The answer of ____ commitment is the continuation of a...

Question 16

Differentiate between programmed and nonprogrammed decisions.

Accepted Answer

Programmed decisions use solutions or de

Question 17

Decision making in a certain environment requires the use of probabilities to estimate the likelihood that a particular outcome will occur.

Accepted Answer

A) True 
 B)False

Question 18

A(n) _____ environment lacks complete information but offers "probabilities" of the likely outcomes for possible action alternatives.

Accepted Answer

A)  uncertain 
B)  secure 
C)  risk 
D)  certain 
E)  definite 
A)  uncertain 
B)  secure 
C)  risk 
D)  certain 
E)  definite

Question 19

Chikashi, a manager at a hotel, decided to launch a new type of cuisine in his restaurant because the restaurant was incurring losses due to negative feedback on its existing cuisine. He had to make a decision immediately to improve the situation and was aware of the possible consequences of his actions. Chikashi had to make the decision in a(n) _____ environment.

Accepted Answer

A)  uncertain 
B)  risk 
C)  certain 
D)  secure 
E)  anticipated 
A)  uncertain 
B)  risk 
C)  certain 
D)  secure 
E)  anticipated

Question 20

The _____ occurs when people assess likelihood of something happening based on its similarity to a stereotyped set of occurrences.

Accepted Answer

A)  availability bias 
B)  lack-of-participation error 
C)  representativeness bias 
D)  confirmation error 
E)  adjustment bias 
A)  availability bias 
B)  lack-of-participation error 
C)  representativeness bias 
D)  confirmation error 
E)  adjustment bias

Analytical competency is the ability to understand new technologies and to use them to their best advantage.

A _____ decision occurs when an unexpected problem arises that can lead to disaster if not resolved quickly and appropriately.

The ability to evaluate and examine information to make actual decisions and solve real problems is known as _____ competency.

The _____ bases a decision on recent information or events.

____ participation error occurs when people are told they have a voice in decision making but no one in authority listens to their inputs.

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

Which of the following describes making decisions within the constraints of limited information and alternatives?

Little-C creativity occurs when ____ people come up with unique ways to deal with daily events and situations.

_____ are open communicators, tend to be realistic, and emphasize both analysis and human relations.

Big-C creativity occurs when average people come up with unique ways to deal with daily events and situations.

The ____ bias bases a decision on similarity to other situations.

Which of the following is true about systematic thinking?

A(n) _____ occurs when a problem is evaluated and resolved in the context in which it is perceived.

____ commitment is the continuation of a course of action even though it is not working.

Differentiate between programmed and nonprogrammed decisions.

Decision making in a certain environment requires the use of probabilities to estimate the likelihood that a particular outcome will occur.

A(n) _____ environment lacks complete information but offers "probabilities" of the likely outcomes for possible action alternatives.

The _____ occurs when people assess likelihood of something happening based on its similarity to a stereotyped set of occurrences.

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Planning Processes and Techniques

Control Processes and Systems

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 7: Data and Decision Making

Analytical competency is the ability to understand new technologies and to use them to their best advantage.

A _____ decision occurs when an unexpected problem arises that can lead to disaster if not resolved quickly and appropriately.

The ability to evaluate and examine information to make actual decisions and solve real problems is known as _____ competency.

The _____ bases a decision on recent information or events.

____ participation error occurs when people are told they have a voice in decision making but no one in authority listens to their inputs.

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

Which of the following describes making decisions within the constraints of limited information and alternatives?

Little-C creativity occurs when ____ people come up with unique ways to deal with daily events and situations.

_____ are open communicators, tend to be realistic, and emphasize both analysis and human relations.

Big-C creativity occurs when average people come up with unique ways to deal with daily events and situations.

The ____ bias bases a decision on similarity to other situations.

Which of the following is true about systematic thinking?

A(n) _____ occurs when a problem is evaluated and resolved in the context in which it is perceived.

____ commitment is the continuation of a course of action even though it is not working.

Differentiate between programmed and nonprogrammed decisions.

Decision making in a certain environment requires the use of probabilities to estimate the likelihood that a particular outcome will occur.

A(n) _____ environment lacks complete information but offers "probabilities" of the likely outcomes for possible action alternatives.

The _____ occurs when people assess likelihood of something happening based on its similarity to a stereotyped set of occurrences.

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Planning Processes and Techniques

Control Processes and Systems

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters