Question 1

Which of the following is NOT a characteristic of a creative problem solver?

Accepted Answer

A) self confidence 
B) tolerance for ambiguity 
C) frustrates easily 
D) accepts risks readily 
A) self confidence 
B) tolerance for ambiguity 
C) frustrates easily 
D) accepts risks readily

Question 2

In a short essay, identify and explain the advantages and disadvantages of group decision making.

Accepted Answer

Group decisions provide more complete in

Question 3

Because heuristics simplify the decision-making process, they are unlikely to lead to errors.

Accepted Answer

A) True 
 B)False

Question 4

Managerial decisions are likely to become more programmed as managers rise in an organizational hierarchy.

Accepted Answer

A) True 
 B)False

Question 5

What tends to be the most successful group size?

Accepted Answer

A) ten to twenty-five 
B) five to seven 
C) twelve to twenty-five 
D) three to twelve 
A) ten to twenty-five 
B) five to seven 
C) twelve to twenty-five 
D) three to twelve

Question 6

According to one study, about ________ of men and women were somewhat creative.

Accepted Answer

A) 1 percent 
B) 10 percent 
C) 30 percent 
D) 60 percent 
A) 1 percent 
B) 10 percent 
C) 30 percent 
D) 60 percent

Question 7

One advantage of group decision making is that it usually provides ________ than individual decision making.

Accepted Answer

A) faster decisions 
B) more ethical decisions 
C) less confusion 
D) more information 
A) faster decisions 
B) more ethical decisions 
C) less confusion 
D) more information

Question 8

Which of the following is LEAST likely to be a decision criterion for a high-tech bicycle buyer who cares primarily about performance?

Accepted Answer

A) warranty 
B) gear mechanism 
C) frame composition 
D) brake assembly 
A) warranty 
B) gear mechanism 
C) frame composition 
D) brake assembly

Question 9

A manager has a choice of three investment funds.To assess them, he looks at their past investment records over the previous five years.The manager is operating under which condition?

Accepted Answer

A) certainty 
B) probability 
C) uncertainty 
D) risk 
A) certainty 
B) probability 
C) uncertainty 
D) risk

Question 10

Which of the following is a drawback to seeking diverse views in decision making?

Accepted Answer

A) less reliable decision 
B) easier decision-making process 
C) more time consuming 
D) less time consuming 
A) less reliable decision 
B) easier decision-making process 
C) more time consuming 
D) less time consuming

Question 11

________ can cause people in a group to fail to express their true opinions.

Accepted Answer

A) Ambiguous responsibility 
B) Group imbalance 
C) Pressure to conform 
D) Years of experience 
A) Ambiguous responsibility 
B) Group imbalance 
C) Pressure to conform 
D) Years of experience

Question 12

If a car buyer knows the inventory dealer price of the same car at different dealerships, he or she is operating under what type of decision-making condition?

Accepted Answer

A) risk 
B) uncertainty 
C) certainty 
D) factual 
A) risk 
B) uncertainty 
C) certainty 
D) factual

Question 13

A rule is simpler than a policy or a procedure to implement.

Accepted Answer

A) True 
 B)False

Question 14

One assumption of bounded rationality is that managers usually attempt to make rational decisions.

Accepted Answer

A) True 
 B)False

Question 15

Escalation of commitment can occur when people don't ________.

Accepted Answer

A) want to make a decision 
B) want to admit that an earlier decision was flawed 
C) accept current conditions 
D) understand that conditions have changed 
A) want to make a decision 
B) want to admit that an earlier decision was flawed 
C) accept current conditions 
D) understand that conditions have changed

Question 16

The ________ blends the nominal group technique with sophisticated computer technology.

Accepted Answer

A) personal meeting 
B) electronic meeting 
C) virtual meeting 
D) preliminary meeting 
A) personal meeting 
B) electronic meeting 
C) virtual meeting 
D) preliminary meeting

Question 17

Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently use or purchase an entirely new system? Sondra was confused and needed help in making the correct decision.
-Sondra has decided to purchase a new system.After obtaining permission, she has ordered the system from a reputable company.Which stage of the decision-making process is she carrying out in making the order?

Accepted Answer

A) analyzing alternative solutions 
B) selecting an alternative 
C) implementing the alternative 
D) identifying the problem 
A) analyzing alternative solutions 
B) selecting an alternative 
C) implementing the alternative 
D) identifying the problem

Question 18

Identifying the wrong problem is just as much a failure for a manager as identifying the right problem and failing to solve it.

Accepted Answer

A) True 
 B)False

Question 19

What percentage of managers typically use intuitive decision making rather than formal analysis to make decisions?

Accepted Answer

A) 95% 
B) 75% 
C) 50% 
D) less than 10% 
A) 95% 
B) 75% 
C) 50% 
D) less than 10%

Question 20

The final step of the decision-making process is to implement the alternative that has been selected.

Accepted Answer

A) True 
 B)False

Which of the following is NOT a characteristic of a creative problem solver?

In a short essay, identify and explain the advantages and disadvantages of group decision making.

Because heuristics simplify the decision-making process, they are unlikely to lead to errors.

Managerial decisions are likely to become more programmed as managers rise in an organizational hierarchy.

What tends to be the most successful group size?

According to one study, about ________ of men and women were somewhat creative.

One advantage of group decision making is that it usually provides ________ than individual decision making.

Which of the following is LEAST likely to be a decision criterion for a high-tech bicycle buyer who cares primarily about performance?

A manager has a choice of three investment funds.To assess them, he looks at their past investment records over the previous five years.The manager is operating under which condition?

Which of the following is a drawback to seeking diverse views in decision making?

________ can cause people in a group to fail to express their true opinions.

If a car buyer knows the inventory dealer price of the same car at different dealerships, he or she is operating under what type of decision-making condition?

A rule is simpler than a policy or a procedure to implement.

One assumption of bounded rationality is that managers usually attempt to make rational decisions.

Escalation of commitment can occur when people don't ________.

The ________ blends the nominal group technique with sophisticated computer technology.

Identifying the wrong problem is just as much a failure for a manager as identifying the right problem and failing to solve it.

What percentage of managers typically use intuitive decision making rather than formal analysis to make decisions?

The final step of the decision-making process is to implement the alternative that has been selected.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

Filters

Exam 4: Foundations of Decision Making

Which of the following is NOT a characteristic of a creative problem solver?

In a short essay, identify and explain the advantages and disadvantages of group decision making.

Because heuristics simplify the decision-making process, they are unlikely to lead to errors.

Managerial decisions are likely to become more programmed as managers rise in an organizational hierarchy.

What tends to be the most successful group size?

According to one study, about ________ of men and women were somewhat creative.

One advantage of group decision making is that it usually provides ________ than individual decision making.

Which of the following is LEAST likely to be a decision criterion for a high-tech bicycle buyer who cares primarily about performance?

A manager has a choice of three investment funds.To assess them, he looks at their past investment records over the previous five years.The manager is operating under which condition?

Which of the following is a drawback to seeking diverse views in decision making?

________ can cause people in a group to fail to express their true opinions.

If a car buyer knows the inventory dealer price of the same car at different dealerships, he or she is operating under what type of decision-making condition?

A rule is simpler than a policy or a procedure to implement.

One assumption of bounded rationality is that managers usually attempt to make rational decisions.

Escalation of commitment can occur when people don't ________.

The ________ blends the nominal group technique with sophisticated computer technology.

Identifying the wrong problem is just as much a failure for a manager as identifying the right problem and failing to solve it.

What percentage of managers typically use intuitive decision making rather than formal analysis to make decisions?

The final step of the decision-making process is to implement the alternative that has been selected.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

Filters