Exam 10: Decision Making: Rationality and Risk

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What approach does Charles Lindblom advocate?

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According to the text, one of the biggest advantages of the participative approach is the ______.

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What is satisficing?

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Answers will vary. This is a noncomprehensive management decision process whereby executives limit alternatives (through exclusion of infeasible ones) and making a selection based on best information available (analysis ends at that point-no more searching).

One reason risk management is so difficult is because ______.

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What does the participative approach argue?

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Administrators must deal with two main issues: ______ and ______ in their approach to decision making.

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What does the rational approach argue?

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In addition to defining goals, the rational decision making includes ______.

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The participative approach utilizes ______ for decision making.

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James March and Herbert Simon use the term ______ to describe how decision makers simplify the process by screening out silly options and stop searching when they come upon a satisfactory alternative, even if it is not an exhaustive search.

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Which approach would utilize an advisory committee of private citizens for decision making?

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From what source does participative decision making depend on for information?

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Which of the following decision-making approaches seeks the most efficient solution for the problem?

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It is not possible to identify which decision-making approaches work best on which decision-making problems.

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In 1945, ______ argued that decision making should be central to a public administration theory.

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Explain the argument that risk management be "someone's business."

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In essence, what is the rational approach trying to maximize?

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What approach holds efficiency as the highest value for decision makers?

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The rational approach seeks to do what with regard to efficiency?

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The first two steps of the rational approach are ______.

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