Exam 14: Decision-Making and Problem-Solving Processes

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Most retail outlets tell customers an item's original price, in addition to the sale price, to get customers to believe they are getting a good price. Retail managers are using which of the following heuristics?

(Multiple Choice)
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The term satisficing behavior refers to a decision maker's efforts to find optimal solutions.

(True/False)
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Which of the following statements is false?

(Multiple Choice)
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The group decision-making method in which the assumptions underlying the group's choice of alternatives are examined in a structured debate is

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Political decision-making models view power as a central feature of the decision process.

(True/False)
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U.S. decision makers typically use serial decision-making processes.

(True/False)
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A(n) ______________ is a person at any organizational level who chooses a course of action.

(Short Answer)
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The first phase of the decision-making process is

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The phase of the decision-making process that includes identifying criteria for assessing the decision outcome is

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Electronic brainstorming may offer an improvement over traditional brainstorming for which of the following reasons?

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In the garbage can decision-making model, the solutions are directly connected to the problems.

(True/False)
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Decision makers follow the decision-making process in sequence and go through the entire sequence before starting over.

(True/False)
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Which of the following is false about brainstorming?

(Multiple Choice)
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A factor that can contribute to escalation of commitment includes a decision maker's felt need to justify past actions to self or others.

(True/False)
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The ______________ uses a structured approach to decision making that is useful for generating, evaluating, and choosing alternative courses of action.

(Short Answer)
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The group decision-making method that analyzes the assumptions held by decision makers when selecting alternatives is ______________.

(Short Answer)
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In which of the following decision-making models will satisficing occur?

(Multiple Choice)
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Groups of people can bring more knowledge and information to a decision problem.

(True/False)
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Which of the following is false about groupthink?

(Multiple Choice)
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The ______________ leads a decision maker to compare a current event to past events about which the person has knowledge.

(Short Answer)
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