Exam 9: Managerial Decision Making
Exam 1: The World of Innovative Management184 Questions
Exam 2: The Evolution of Management Thinking163 Questions
Exam 3: The Environment and Corporate Culture181 Questions
Exam 4: Managing in a Global Environment178 Questions
Exam 5: Managing Ethics and Social Responsibility168 Questions
Exam 6: Managing Start Ups and New Ventures130 Questions
Exam 7: Managerial Planning and Goal Setting166 Questions
Exam 8: Strategy Formulation and Execution149 Questions
Exam 9: Managerial Decision Making178 Questions
Exam 10: Designing Organization Structure212 Questions
Exam 11: Managing Change and Innovation178 Questions
Exam 12: Managing Human Resource181 Questions
Exam 13: Managing Diversity125 Questions
Exam 14: Understanding Individual Behavior137 Questions
Exam 15: Leadership169 Questions
Exam 16: Motivating Employees185 Questions
Exam 17: Managing Communication161 Questions
Exam 18: Leading Teams198 Questions
Exam 19: Managing Quality and Performance170 Questions
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All of the following are characteristics of the administrative decision making model except:
(Multiple Choice)
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The classical decision making model assumes that the decision-maker is rational, and makes the optimal decision each time.
(True/False)
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_____ decisions are associated with conflicts over goals and decision alternatives, rapidly changing circumstances, fuzzy information, and unclear links among decision elements.
(Multiple Choice)
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_____ means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable.
(Short Answer)
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Which of the following means that all the information the decision-maker needs is fully available?
(Multiple Choice)
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Two employees in Stacey's department quit which is normal for her department. She is faced with the decision to fill these positions. This would be considered a nonprogrammed decision.
(True/False)
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Programmed decisions are decisions that are made for situations that have occurred often in the past and allow decision rules to be developed to guide future decisions.
(True/False)
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At the start of every shift, Carl, a delivery truck driver, plans out his route based on the addresses that he will be visiting to drop off packages. This can best be described as what kind of decision?
(Multiple Choice)
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Groupthink refers to the tendency of people in groups to suppress contrary opinions.
(True/False)
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A normative decision making model defines how a manager _____ make decisions.
(Short Answer)
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The _____ model closely resembles the real environment in which most managers and decision-makers operate.
(Multiple Choice)
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Which of the following means that a decision has clear-cut goals and that good information is available, but the future outcomes associated with each alternative are subject to chance?
(Multiple Choice)
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Which of the following means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable?
(Multiple Choice)
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Which of the following is a choice made from available alternatives?
(Multiple Choice)
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Which of the following is the first step in the managerial decision making process?
(Multiple Choice)
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_____ refers to the tendency of people in groups to suppress contrary opinions.
(Multiple Choice)
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During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?
(Multiple Choice)
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