Exam 9: Managerial Decision Making

Managers make decisions from available alternatives, but in reality, there are many times when the information needed is not available, unknown, or not knowable. Write a short essay that shows the similarities and differences between programmed and nonprogrammed decisions, and their relationship to certainty and uncertainty. Include examples that you believe represents each type of decision.

We all appreciate doing business with a company that exemplifies good management, and much of good management can be attributed to effective decision-making. In a short essay write about an experience-positive or negative-that you have had that shows why decision-making is an integral part of good management. Identify factors that are important for good decision-making and what factors can inhibit good decision making.

If your instructor has an attendance policy, she/he is using a(n):

Two area banks, Bank A and Bank B, decided to merge their operations. This is an example of a:

The _____ model of decision making is based on economic assumptions.

Point-counterpoint is a decision-making technique in which people are assigned to express competing points of view.

In the real world, few decisions are certain.

_____ means that all the information the decision-maker needs is fully available.

_____ represents a quick apprehension of a decision situation based on past experience but without conscious thought.

Managers with an analytical decision style like to consider complex solutions based on as much data as they can gather.

The process of forming alliances among managers is called coalition building.

The approach that managers use to make decisions usually falls into one of three types - the classical model, the administrative model, and the political model.

A(n) _____ occurs when organizational accomplishment is less than established goals.

Which of the following is the process of forming alliances among managers during the decision making process?

Intuition is a quick apprehension of a decision situation based on past experience but without conscious thought.

The _____ stage involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out.

The best alternative is the one in which the solution best fits the overall goals and values of the organization and achieves the desired results using the fewest resources.

The _____ is the individual who is assigned the role of challenging assumptions made by the group.

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. -If Vaughn uses the classical model of decision making, which of these assumptions would he reject?

_____ exists when managers see potential of enhancing performance beyond current levels.