Question 1

Which of the following statements is an advantage of group decision making?

Accepted Answer

A)  Groups typically spend a lot of time interacting and discussing. 
B)  Groups often represent diversity of education and experience. 
C)  Leaders can shine in groups. 
D)  Groups tend to desire consensus and cohesiveness. 
E)  Groups typically reach compromise decisions. 
A)  Groups typically spend a lot of time interacting and discussing. 
B)  Groups often represent diversity of education and experience. 
C)  Leaders can shine in groups. 
D)  Groups tend to desire consensus and cohesiveness. 
E)  Groups typically reach compromise decisions.

Question 2

What are the advantages and disadvantages of Delphi groups over other decision-making processes?

Accepted Answer

The Delphi method, a structured communic

Question 3

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed, the manager is experiencing

Accepted Answer

A)  decision making under risk. 
B)  satisficing. 
C)  bounded rationality. 
D)  decision making under certainty. 
E)  decision making under uncertainty. 
A)  decision making under risk. 
B)  satisficing. 
C)  bounded rationality. 
D)  decision making under certainty. 
E)  decision making under uncertainty.

Question 4

The best alternative is the most ____ alternative.

Accepted Answer

A)  efficient 
B)  controllable 
C)  profitable 
D)  effective 
E)  valid 
A)  efficient 
B)  controllable 
C)  profitable 
D)  effective 
E)  valid

Question 5

The administrative model of decision making describes how decisions should be made as opposed to prescribing how they actually are made.

Accepted Answer

A) True 
 B)False

Question 6

The Detroit Three auto makers and United Auto Workers negotiated a labor deal with pay raises for entry level workers. This is an example of a(n) ____ decision.

Accepted Answer

A)  nonprogrammed 
B)  rational 
C)  ethical 
D)  programmed 
E)  satisficing 
A)  nonprogrammed 
B)  rational 
C)  ethical 
D)  programmed 
E)  satisficing

Question 7

Maria knows that the payoffs associated with her decision alternatives will be affected by the interest rate announced at Tuesday's Federal Reserve Board meeting. She calculates a 70 percent chance that the interest rate will rise and a 30 percent chance that it will stay the same. Maria is operating under the decision-making condition known as  ____________________.

Accepted Answer

The answer of Maria knows that the payoffs associated with...

Question 8

____ is the selection of the first minimally acceptable alternative.

Accepted Answer

A)  Optimization 
B)  Intuitive decision making 
C)  Bounded rationality 
D)  Escalation of commitment 
E)  Satisficing 
A)  Optimization 
B)  Intuitive decision making 
C)  Bounded rationality 
D)  Escalation of commitment 
E)  Satisficing

Question 9

When evaluating decision alternatives, the first question to be asked is whether an alternative is within the realm of probability and practicality for the organization. This refers to which of the following alternative evaluation criteria?

Accepted Answer

A)  Feasibility 
B)  Satisfactoriness 
C)  Affordability 
D)  Consequences 
E)  Rationality 
A)  Feasibility 
B)  Satisfactoriness 
C)  Affordability 
D)  Consequences 
E)  Rationality

Question 10

The Blue Rooster was a restaurant near a lake.  When super storm Sandy hit New Jersey, the lake overflowed and flooded the Blue Rooster.  Because the restaurant had no flood insurance, it was never able to recover from the storm and closed a short time later.  The owner's ______ led to the bad decision about flood insurance.

Accepted Answer

A)  bounded optimization. 
B)  escalation of commitment. 
C)  risk propensity. 
D)  strategic maximization. 
E)  intuitive rationality. 
A)  bounded optimization. 
B)  escalation of commitment. 
C)  risk propensity. 
D)  strategic maximization. 
E)  intuitive rationality.

Question 11

Match between columns
                        Premises: Veronica has a job offer from outside her company
Chem decides the order of speakers at a conference
When grant requests arrive at the Foundation, they are automatically sent into a screening process
Enrique invites the media to a hospital charity function
Every week Jill sends an update to her boss
Jose stays late at work every night, regardless of what is happening
An administrative assistant renews professional publication subscriptions

Accepted Answer

The Answer of Nonprogrammed decision and Programmed decision is...

Question 12

Use the six steps in the rational model of decision making to show how you arrived at your decision to attend this school. (If you weren't rational, pretend that you were.)

Accepted Answer

Step 1: Identifying the Problem
The prob

Question 13

In the decision-making process, the follow-up step is most closely related to the management function of controlling.

Accepted Answer

A) True 
 B)False

Question 14

Activist investors often try to influence a board to sell off a business unit if it does not have a lot of synergy with other business units.  To gain enough influence with the board, these investors usually require

Accepted Answer

A)  a coalition. 
B)  intuition. 
C)  bounded rationality. 
D)  interacting group behavior. 
E)  an escalation of commitment. 
A)  a coalition. 
B)  intuition. 
C)  bounded rationality. 
D)  interacting group behavior. 
E)  an escalation of commitment.

Question 15

The administrative model holds that managers have incomplete and imperfect information, are constrained by bounded rationality, and tend to ____________________ when making decisions.

Accepted Answer

The answer of The administrative model holds that managers have...

Question 16

A manager who has a low-risk propensity would

Accepted Answer

A)  use the rational decision-making model. 
B)  rely on intuition for his or her decision making. 
C)  make decisions aggressively. 
D)  reach decisions quickly. 
E)  easily invest large sums of money in support of his or her decisions. 
A)  use the rational decision-making model. 
B)  rely on intuition for his or her decision making. 
C)  make decisions aggressively. 
D)  reach decisions quickly. 
E)  easily invest large sums of money in support of his or her decisions.

Question 17

When the space shuttle Columbia needed to reenter the atmosphere the crew knew there was damage on the outside of the aircraft. If there had been room and supplies the crew could have gone to the space station. Which criterion for evaluating a decision alternative did the space station fail to meet?

Accepted Answer

A)  Feasibility 
B)  Satisfactoriness 
C)  Affordability 
D)  Consequences 
E)  Rationality 
A)  Feasibility 
B)  Satisfactoriness 
C)  Affordability 
D)  Consequences 
E)  Rationality

Question 18

Describe how intuition, political forces, risk propensity, ethics, and escalation of commitment could impact decision making.

Accepted Answer

Intuition can impact decision making by

Question 19

All managers, but most especially inexperienced ones, should be careful not to rely too heavily on ____________________.

Accepted Answer

The answer of All managers, but most especially inexperienced ones,...

Question 20

Decision making includes recognizing and defining the nature of a decision situation, identifying alternatives, choosing the "best" alternative, and ____________________.

Accepted Answer

putting it

Which of the following statements is an advantage of group decision making?

What are the advantages and disadvantages of Delphi groups over other decision-making processes?

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed, the manager is experiencing

The best alternative is the most ____ alternative.

The administrative model of decision making describes how decisions should be made as opposed to prescribing how they actually are made.

The Detroit Three auto makers and United Auto Workers negotiated a labor deal with pay raises for entry level workers. This is an example of a(n) ____ decision.

____ is the selection of the first minimally acceptable alternative.

When evaluating decision alternatives, the first question to be asked is whether an alternative is within the realm of probability and practicality for the organization. This refers to which of the following alternative evaluation criteria?

Use the six steps in the rational model of decision making to show how you arrived at your decision to attend this school. (If you weren't rational, pretend that you were.)

In the decision-making process, the follow-up step is most closely related to the management function of controlling.

Activist investors often try to influence a board to sell off a business unit if it does not have a lot of synergy with other business units. To gain enough influence with the board, these investors usually require

The administrative model holds that managers have incomplete and imperfect information, are constrained by bounded rationality, and tend to ____________________ when making decisions.

A manager who has a low-risk propensity would

When the space shuttle Columbia needed to reenter the atmosphere the crew knew there was damage on the outside of the aircraft. If there had been room and supplies the crew could have gone to the space station. Which criterion for evaluating a decision alternative did the space station fail to meet?

Describe how intuition, political forces, risk propensity, ethics, and escalation of commitment could impact decision making.

All managers, but most especially inexperienced ones, should be careful not to rely too heavily on ____________________.

Decision making includes recognizing and defining the nature of a decision situation, identifying alternatives, choosing the "best" alternative, and ____________________.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Exam 8: Managing Decision Making and Problem Solving

Which of the following statements is an advantage of group decision making?

What are the advantages and disadvantages of Delphi groups over other decision-making processes?

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed, the manager is experiencing

The best alternative is the most ____ alternative.

The administrative model of decision making describes how decisions should be made as opposed to prescribing how they actually are made.

The Detroit Three auto makers and United Auto Workers negotiated a labor deal with pay raises for entry level workers. This is an example of a(n) ____ decision.

____ is the selection of the first minimally acceptable alternative.

When evaluating decision alternatives, the first question to be asked is whether an alternative is within the realm of probability and practicality for the organization. This refers to which of the following alternative evaluation criteria?

Use the six steps in the rational model of decision making to show how you arrived at your decision to attend this school. (If you weren't rational, pretend that you were.)

In the decision-making process, the follow-up step is most closely related to the management function of controlling.

Activist investors often try to influence a board to sell off a business unit if it does not have a lot of synergy with other business units. To gain enough influence with the board, these investors usually require

The administrative model holds that managers have incomplete and imperfect information, are constrained by bounded rationality, and tend to ____________________ when making decisions.

A manager who has a low-risk propensity would

Describe how intuition, political forces, risk propensity, ethics, and escalation of commitment could impact decision making.

All managers, but most especially inexperienced ones, should be careful not to rely too heavily on ____________________.

Decision making includes recognizing and defining the nature of a decision situation, identifying alternatives, choosing the "best" alternative, and ____________________.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters