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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The classical model of decision-making works best in organizations that are made up of groups with diverse interests, goals, and values.
(True/False)
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The step in the decision making process in which managers analyze the underlying causal factors associated with the situation is called _____.
(Short Answer)
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Scenario - Vaughn Bately
Vaughn Bately manages a group of eight electrical engineers at Defiance Designs. His team is highly trained and well respected by experts both inside and outside the company. Recently one of Vaughn's engineers suggested a new technique for the development and use of an argon laser. There appeared to be rich potential for this technology, but Vaughn wasn't certain that developing this technology was the best use of his limited resources. Vaughn was facing a significant decision.
-Which of the following steps would Vaughn not take in making his decision?
(Multiple Choice)
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_____ is important because decision making is a continuous, never ending process.
(Short Answer)
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The most effective managers are consistent in using their own decision style rather than shifting among styles.
(True/False)
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The _____ model of decision making is most valuable when applied to _____.
(Multiple Choice)
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The _____ step in the decision making process involves using managerial, administrative, and persuasive abilities to translate the chosen alternative into action.
(Multiple Choice)
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Which of these styles is adopted by managers who have a deep concern for others as individuals?
(Multiple Choice)
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_____ refers to the process of identifying problems and then resolving them.
(Multiple Choice)
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The growth of quantitative decision techniques that use computers has expanded the use of which decision-making approach?
(Multiple Choice)
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Briefly describe the assumptions underlying the classical model of decision making.
(Essay)
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Making a choice is the most significant part of the decision-making process.
(True/False)
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When managers base decisions on what has worked in the past and fail to explore new options, they are:
(Multiple Choice)
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Which model of decision making is associated with satisficing, bounded rationality, and uncertainty?
(Multiple Choice)
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Satisficing behavior occurs when we choose the first solution alternative that satisfies minimal decision criteria regardless of whether better solutions are expected to exist.
(True/False)
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_____ is the willingness to undertake risk with the opportunity of gaining an increased payoff.
(Short Answer)
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All of the following are cognitive biases that can affect manager's judgment except:
(Multiple Choice)
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The _____ model of decision making describes how managers actually makes decisions in situations characterized by nonprogrammed decisions, uncertainty, and ambiguity.
(Multiple Choice)
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When a small community hospital decides to add a radiation therapy unit, it is considered a:
(Multiple Choice)
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Explain the difference between programmed and nonprogrammed decisions and give an example of each.
(Essay)
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