Question 1

In a short essay, discuss the assumptions of rationality and the validity of those assumptions.

Accepted Answer

A decision maker who was perfectly ratio

Question 2

Which of the following tends to impede a person's creativity?

Accepted Answer

A) providing time and resources 
B) clearly defined goals 
C) being watched while you work 
D) internal motivation 
A) providing time and resources 
B) clearly defined goals 
C) being watched while you work 
D) internal motivation

Question 3

Which of the following is an example of an unstructured problem?

Accepted Answer

A) finding the list price of different copy machines 
B) choosing the best wardrobe for an executive 
C) comparing gas mileage for different car models 
D) measuring pollution levels in a power plant 
A) finding the list price of different copy machines 
B) choosing the best wardrobe for an executive 
C) comparing gas mileage for different car models 
D) measuring pollution levels in a power plant

Question 4

________ is a situation in which a decision maker has incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

Accepted Answer

A) Certainty 
B) Risk 
C) Uncertainty 
D) High certainty 
A) Certainty 
B) Risk 
C) Uncertainty 
D) High certainty

Question 5

The eight steps of decision making ________.

Accepted Answer

A) can only be employed by individuals 
B) can only be employed in very small groups 
C) can be employed by individuals and groups 
D) can only be employed by groups 
A) can only be employed by individuals 
B) can only be employed in very small groups 
C) can be employed by individuals and groups 
D) can only be employed by groups

Question 6

A retail clothing store manager who estimates how much to order for the current spring season based on last spring's outcomes is operating under what kind of decision-making condition?

Accepted Answer

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

Question 7

Uncertainty involves a situation in which the probability of a certain outcome is known to be small.

Accepted Answer

A) True 
 B)False

Question 8

A manager can faithfully execute the decision-making process but still end up with nothing of value if ________.

Accepted Answer

A) he fails to identify the correct problem 
B) he fails to assign number values to different criteria 
C) he solves the problem inefficiently 
D) he fails to correctly identify the steps of the process 
A) he fails to identify the correct problem 
B) he fails to assign number values to different criteria 
C) he solves the problem inefficiently 
D) he fails to correctly identify the steps of the process

Question 9

Expert systems are primarily used to help what kinds of decision makers?

Accepted Answer

A) lower-level managers 
B) top managers 
C) senior managers 
D) experts 
A) lower-level managers 
B) top managers 
C) senior managers 
D) experts

Question 10

Intuitive decision making should not be a part of a manager's decision-making process.

Accepted Answer

A) True 
 B)False

Question 11

The use of ringisei in Japanese organizations reflects which of the following values in Japanese culture?

Accepted Answer

A) tradition-following 
B) consensus-seeking 
C) risk taking 
D) go-it-alone 
A) tradition-following 
B) consensus-seeking 
C) risk taking 
D) go-it-alone

Question 12

A football coach makes the decision to punt or not to punt on fourth down based on whether he is past his own 50-yard line.Which decision-making method does the coach use?

Accepted Answer

A) a policy 
B) a hunch 
C) a procedure 
D) a rule 
A) a policy 
B) a hunch 
C) a procedure 
D) a rule

Question 13

A rational decision will never fail to provide the best and most successful solution to a problem.

Accepted Answer

A) True 
 B)False

Question 14

A decision criterion defines factors that are relevant in a decision.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is NOT a type of programmed decision?

Accepted Answer

A) systematic procedure 
B) policy 
C) brainstorm 
D) rule 
A) systematic procedure 
B) policy 
C) brainstorm 
D) rule

Question 16

In a short essay, list and discuss the final four steps in the decision-making process.Give an example of each step.

Accepted Answer

Step 5: Analysis of alternatives
Once th

Question 17

Which of the following is a primary characteristic of groupthink?

Accepted Answer

A) conflict among group members 
B) failure to reach consensus within a group 
C) complete conformity among group members 
D) candidness and openness within a group 
A) conflict among group members 
B) failure to reach consensus within a group 
C) complete conformity among group members 
D) candidness and openness within a group

Question 18

A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?

Accepted Answer

A) overconfidence 
B) immediate gratification 
C) selective perception bias 
D) representation 
A) overconfidence 
B) immediate gratification 
C) selective perception bias 
D) representation

Question 19

An advantage of group decisions is that they increase the perception of the legitimacy of the solution.

Accepted Answer

A) True 
 B)False

Question 20

In a short essay, describe how nominal group technique can help avoid groupthink and enhance creativity in group decision making.

Accepted Answer

Nominal group technique helps groups arr

In a short essay, discuss the assumptions of rationality and the validity of those assumptions.

Which of the following tends to impede a person's creativity?

Which of the following is an example of an unstructured problem?

________ is a situation in which a decision maker has incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

The eight steps of decision making ________.

A retail clothing store manager who estimates how much to order for the current spring season based on last spring's outcomes is operating under what kind of decision-making condition?

Uncertainty involves a situation in which the probability of a certain outcome is known to be small.

A manager can faithfully execute the decision-making process but still end up with nothing of value if ________.

Expert systems are primarily used to help what kinds of decision makers?

Intuitive decision making should not be a part of a manager's decision-making process.

The use of ringisei in Japanese organizations reflects which of the following values in Japanese culture?

A football coach makes the decision to punt or not to punt on fourth down based on whether he is past his own 50-yard line.Which decision-making method does the coach use?

A rational decision will never fail to provide the best and most successful solution to a problem.

A decision criterion defines factors that are relevant in a decision.

Which of the following is NOT a type of programmed decision?

In a short essay, list and discuss the final four steps in the decision-making process.Give an example of each step.

Which of the following is a primary characteristic of groupthink?

A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?

An advantage of group decisions is that they increase the perception of the legitimacy of the solution.

In a short essay, describe how nominal group technique can help avoid groupthink and enhance creativity in group decision making.

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

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Quantitative Module

Career Module

Entrepreneurship Module

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Exam 4: Foundations of Decision Making

In a short essay, discuss the assumptions of rationality and the validity of those assumptions.

Which of the following tends to impede a person's creativity?

Which of the following is an example of an unstructured problem?

________ is a situation in which a decision maker has incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

The eight steps of decision making ________.

A retail clothing store manager who estimates how much to order for the current spring season based on last spring's outcomes is operating under what kind of decision-making condition?

Uncertainty involves a situation in which the probability of a certain outcome is known to be small.

A manager can faithfully execute the decision-making process but still end up with nothing of value if ________.

Expert systems are primarily used to help what kinds of decision makers?

Intuitive decision making should not be a part of a manager's decision-making process.

The use of ringisei in Japanese organizations reflects which of the following values in Japanese culture?

A football coach makes the decision to punt or not to punt on fourth down based on whether he is past his own 50-yard line.Which decision-making method does the coach use?

A rational decision will never fail to provide the best and most successful solution to a problem.

A decision criterion defines factors that are relevant in a decision.

Which of the following is NOT a type of programmed decision?

In a short essay, list and discuss the final four steps in the decision-making process.Give an example of each step.

Which of the following is a primary characteristic of groupthink?

A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?

An advantage of group decisions is that they increase the perception of the legitimacy of the solution.

In a short essay, describe how nominal group technique can help avoid groupthink and enhance creativity in group decision making.

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