Exam 12: Decision Making Processes

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____ refers to understanding and agreement about how to solve problems and reach organizational goals.

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Management science, although cumbersome, cannot produce failures in decision making.

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The phenomenon known as "escalating commitment" refers to:

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What process would explain increasing the amount of budget for an ongoing project on which managers received feedback that it was destined for failure?

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The prospect theory suggests that the threat of a loss has a greater impact on a decision than the possibility of an equivalent gain.

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In the garbage can model:

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Which of the following is the step in the decision making process in which the manager digs below the surface to analyze the cause of the problem?

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What special considerations should a manager take who finds himself in a high-velocity environment?

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The Gillette Company was given as an example of using a certain decision making approach in the design of razors such as the Sensor. Give an illustration, explaining the decision making approach that was used.

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Management knowledge refers to understanding and agreement about how to solve problems and reach organizational goals.

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Personal constraints during nonprogrammed decision making include decision style, work pressure, desire for prestige, and feelings of insecurity.

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Intuitive decision making uses ____ to make decisions.

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Which of the following is not recognized as a constraint and trade-off during nonprogrammed decision making?

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Only by making mistakes can managers and organizations go through the process of ____ and acquire sufficient experience and knowledge to perform more effectively in the future.

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Since programmed decisions are novel and poorly defined, and no procedures exist for solving them, a program must be devised using the garbage can method.

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Explain what is meant by the bounded rationality perspective of decision making. Provide an example of decision making in your own life in which you can observe the effects of bounded rationality.

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The Carnegie model of organizational decision making was developed by Max Weber.

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What is a problematic search? What is its role in decision making?

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Problem consensus and technical knowledge about the means to solve those problems are two characteristics of organizations that determine the use of decision approaches.

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When Tom Smith, CEO of Food Lion reads Modern Grocer, visits other grocery stores to compare prices, and reviews daily sales figures, he is doing activities in which of the following steps of the rational approach?

(Multiple Choice)
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