Exam 9: Managerial Decision Making

In the implementation stage, decision makers gather information that tells them how well the decision was implemented and whether it was effective in achieving its goals.

Programmed decisions are made in response to _____ organizational problems.

"When did it occur" and "how did it occur" are questions associated with which step of the decision making process?

Managers will frequently look for new information that contradicts thier instincts or original point of view..

The condition under which ambiguity occurs is when:

Good examples of _____ decisions are strategic decisions.

Compare decision conditions of certainty, risk, uncertainty, and ambiguity.

Feedback is the part of monitoring that assesses whether a new decision needs to made.

______ means that decision-makers choose the first solution alternative that satisfies minimal decision criteria.

Associated with the condition of _____ is the lowest possibility of failure.

Which of these assumptions are included in the classical model of decision making?

Bierderlack has a policy that states that more than three absences in a six-month period shall result in a suspension. Colleen, the manager, has just decided to suspend one of her shift employees for violating this policy. This is an example of:

Melissa is a manager at InStylez Clothing. Her job is very complex and she feels that she does not have enough time to identify and/or process all the information she needs to make decisions. Melissa's situation is most consistent with which of the following concepts?

Genna is collecting data on how well the organization has done since their new strategy was implemented. She is in what stage of the managerial decision making process?

The growth of quantitative decision techniques that use computers has reduced the use of the classical approach.

Which of the following is a decision-making technique in which people are assigned to express competing points of view?

Ryan is a manager at Dream Catchers. Dream Catchers is currently operating in an environment of high uncertainty. As a result, Ryan will:

Finance managers at Big Bend Inc. made a financial blunder when they solely looked at the previous year's sales to estimate sales for the coming year. Of which management bias is this an example?

Good intuitive decision making is based on an ability to recognize patterns at lightning speed.

The political model consists of vague problems and goals, limited information about alternatives and their outcomes, and a satisficing choice for resolving problems using intuition.