Exam 8: Decision Making and Problem Solving

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

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All of the following are features of group discussion that contribute to group polarisation EXCEPT

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When groupthink occurs, silence is viewed as agreement.This most directly contributes to the

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Programmed decisions are common at higher levels of the organisation.

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Verification is the final step in the creative process.

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When using the __________ group technique, group members follow a generate-discussion-vote cycle until they reach a decision.

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The last step in the rational decision-making process is

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The third step of the creative process is

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Match each of the following situations with the stage of the rational approach to decision making it most clearly illustrates. a.Sifiso looks up business school rankings to determine which schools would consider his Grade 11 marks to be competitive. b.Sifiso decides which business schools he would like to attend. c.If all of the business schools he applies to reject him, Bob will try to raise his Grade 12 marks and apply again next year. d.Sifiso completes and sends out applications to the business schools he would like to attend. e.Sifiso wants to go to a good business school. f.After determining which high-quality schools he has a reasonable shot of getting into, Sifiso uses a combination of factors - price, location and teacher ratings - to compare them. -state the goal

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Examining alternatives only until a solution that meets minimal requirements is found and then ceasing to look for a better one is called __________.

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A group member who discusses group deliberations with an expert outsider and reports her findings to the group is most likely trying to prevent

(Multiple Choice)
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Match each of the following situations with the concept it most clearly illustrates. a.Hugh needs to buy a new laptop.He searches online until he finds the first laptop that fits his price and performance needs, and then he immediately buys it. b.In a hand of poker, Kevin makes a bid and Thandeka calls.Later, Kevin makes a higher bid, and Thandeka calls again.At the end of the hand, when Thandeka goes all in, Kevin is almost certain she has the better cards.However, because he has already invested so much in the hand, Kevin feels obliged to call. c.On paper, the candidate seems excellent, so Nina invites him for an interview, which goes swimmingly.Still, something about the guy seems 'off' to Nina, and though she can't put her finger on what it is, she hires someone else. d.Unathi knows that the laptop she is about to buy from the electronics store is both more expensive and of lower quality than a laptop she could buy online.However, she desperately needs a laptop immediately, so she goes ahead with the purchase. -escalation of commitment

(Essay)
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Match each of the following situations with the concept it most clearly illustrates. a.Hugh needs to buy a new laptop.He searches online until he finds the first laptop that fits his price and performance needs, and then he immediately buys it. b.In a hand of poker, Kevin makes a bid and Thandeka calls.Later, Kevin makes a higher bid, and Thandeka calls again.At the end of the hand, when Thandeka goes all in, Kevin is almost certain she has the better cards.However, because he has already invested so much in the hand, Kevin feels obliged to call. c.On paper, the candidate seems excellent, so Nina invites him for an interview, which goes swimmingly.Still, something about the guy seems 'off' to Nina, and though she can't put her finger on what it is, she hires someone else. d.Unathi knows that the laptop she is about to buy from the electronics store is both more expensive and of lower quality than a laptop she could buy online.However, she desperately needs a laptop immediately, so she goes ahead with the purchase. -satisficing

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Satisficing refers to making a(n) __________ rather than a(n) __________ decision.

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Non-programmed decisions require managers to use __________ rather than __________.

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Which of the following is a structured variation of a small-group discussion to reach consensus?

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Match each of the following situations with the stage of the rational approach to decision making it most clearly illustrates. a.Sifiso looks up business school rankings to determine which schools would consider his Grade 11 marks to be competitive. b.Sifiso decides which business schools he would like to attend. c.If all of the business schools he applies to reject him, Bob will try to raise his Grade 12 marks and apply again next year. d.Sifiso completes and sends out applications to the business schools he would like to attend. e.Sifiso wants to go to a good business school. f.After determining which high-quality schools he has a reasonable shot of getting into, Sifiso uses a combination of factors - price, location and teacher ratings - to compare them. -evaluate alternatives

(Essay)
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Match each of the following situations with the stage of the rational approach to decision making it most clearly illustrates. a.Sifiso looks up business school rankings to determine which schools would consider his Grade 11 marks to be competitive. b.Sifiso decides which business schools he would like to attend. c.If all of the business schools he applies to reject him, Bob will try to raise his Grade 12 marks and apply again next year. d.Sifiso completes and sends out applications to the business schools he would like to attend. e.Sifiso wants to go to a good business school. f.After determining which high-quality schools he has a reasonable shot of getting into, Sifiso uses a combination of factors - price, location and teacher ratings - to compare them. -implement the plan

(Essay)
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An innate belief about something without conscious consideration is called

(Multiple Choice)
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The administrative model of decision making does not attempt to prescribe how managers should make decisions.

(True/False)
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