Exam 8: Fundamentals of Decision Making

Which of the following is not one of the factors that influence a satisficing decision?

The Ball Corporation has major business segments in:

The likelihood that a specific outcome will occur, based on personal judgment and beliefs, is known as __________ probability.

In the rational decision-making model, the phase that immediately follows "choosing among alternative solutions" is __________.

The rational model describes the decision-making process in terms of the self-interests and goals of powerful external and internal shareholders.

Because innovative decisions usually represent a sharp break with the past, they normally happen in a logical, orderly sequence.

Divergence refers to bringing new stakeholder representatives into the strategic decision-making process as a way to avert threats to an organization's stability or existence.

In an interview on the bounded rationality model, Herbert Simon identifies assumptions that lead to satisficing which include all of the following except __________.

Greg Pearce has seen his favorite college football team unexpectedly lose six games in a row, but he is convinced that his team will win this coming weekend. Pearce is guilty of the __________ bias.

Satisficing is __________.

When John Wade started his first information technology position at the ____________ Corporation, he soon discovered the downside of his manager's style.

__________ includes changes in the way organizations are structured, departures from traditional management principles and processes, and changes in how managers perform their functions.

Choices based on the discovery, identification, and diagnosis of unusual and ambiguous problems and/or the development of unique or creative alternative solutions are called __________ decisions.

Choosing among alternative solutions may prove to be difficult when the problem is __________.

The Ball Leadership Team gets together monthly to discuss who we are, what we are doing, and where we are going.

The National Highway Safety Administration concluded that the probability of a seat-belted driver's death in an accident is reduced by 50 percent in a car equipped with a driver's side airbag. This statistic is an example of __________.

Paula Walker is a bank teller. At the end of her shift, her cash drawer is short by $100. Walker faces a(n) __________ problem.

Problem definition and diagnosis involves the skills of noticing, interpreting and incorporating, which are part of the manager's __________ competency.

Shoes for Crews has elected the market niche of selling shoes exclusively to airline employees.

The conditions under which individuals in an organization make decisions are influenced by developments and events that they can't control but that may in the future influence the results of their decisions.