Exam 8: Managing Decision Making and Problem Solving

You are trying to hire a new engineer. She has all of the qualifications you want, with one exception. As a decision alternative, this engineer fails the test of feasibility.

Few organizational decisions are made under conditions of uncertainty.

The administrative model of decision making looks at how decisions are ____________________ rather than how they should be made.

The proper sequence for evaluating a decision alternative is satisfactoriness, probable consequences, and feasibility.

Intuition means you allow your experiences to influence your decisions.

Ben is planning a ground-breaking ceremony for the company's new headquarters in Charlotte, North Carolina.  The ceremony is in June when the average temperature in Charlotte is 95º.  Ben has a limited budget and is wondering if he should rent air-conditioned tents for the reception.  He is in which step of the rational decision-making process?

____ occurs when the decision maker is constrained by his or her own values, experiences, skills, and reflexes. He or she also has less than complete knowledge and information.

In your personal finances, when you have budgeted properly, paying your tuition bill is a(n) ____________________ decision.

Ben is planning a ground-breaking ceremony for the company's new headquarters in Charlotte, North Carolina.  He has a limited budget.  If he rents air-conditioned tents, he will go over budget.  He thinks he could ask one of the business units to cover the expense.  If everyone is sweating through their suits while they eat at the reception, the day might be a failure, even if everything else runs smoothly.  Ben is at which step in rational decision making?

Greece was on the verge of defaulting on its debt. It decided to dock a month's pay from all elected officials as part of austerity measures. This is an example of decision making

Compare and contrast the three types of conditions under which managers make decisions by placing them on a continuum of certainty.

Which of the following statements does NOT describe a characteristic of the nominal group technique?

The classical decision model is more likely to be used in a research lab than in management.

Which of the following disadvantages of group decisions typically results from the group being very cohesive?

Students in Management 101 sit in the same seat every class even though seats are not assigned. This is an example of a ____ decision.

Olga is house hunting in a "hot" market. Some homes sell within hours of listing. Olga finds one that meets her minimum criteria and immediately makes an offer. This is an example of

When a communications president agrees to be interviewed for 60 Minutes , she can be described as having a high degree of risk propensity.

The stimulus for a decision may be positive or negative.

Most of the significant decisions in contemporary organizations are made under which decision-making condition?

Ben is planning a ground-breaking ceremony for the company's new headquarters in Charlotte, North Carolina.  He has a limited budget. He could spend money on renting ceremony equipment, renting air-conditioned tents, buying engraved shovels for the CEO and Governor, buying construction helmets with the company logo, and/or catering the reception after the ceremony. Ben is in which step of the rational decision-making process?