Question 1

The decision-making error of overconfidence is represented by the argument of "too much time and money invested to quit now."

Accepted Answer

A) True 
 B)False

Question 2

____ probabilities are estimated from past experience or judgment.

Accepted Answer

A)  Risky 
B)  Subjective 
C)  Intuitive 
D)  Informal 
E)  Post hoc 
A)  Risky 
B)  Subjective 
C)  Intuitive 
D)  Informal 
E)  Post hoc

Question 3

Jann Wenner, founder of Rolling Stone magazine says that he makes decisions based on personal preferences and his own ideas about "what would be fun," rather than focusing on market research or financial reports. Wenner's information-processing style is predominantly __________.

Accepted Answer

A)  temporal 
B)  intuitive 
C)  balanced 
D)  thinking style 
E)  casual 
A)  temporal 
B)  intuitive 
C)  balanced 
D)  thinking style 
E)  casual

Question 4

____ knowledge is personal, intuitive, and undocumented information about how to skillfully perform tasks, solve problems, and make decisions.

Accepted Answer

A)  Job 
B)  Tacit 
C)  Explicit 
D)  Conditional 
E)  Implicit 
A)  Job 
B)  Tacit 
C)  Explicit 
D)  Conditional 
E)  Implicit

Question 5

There are two types of knowledge: implicit knowledge and strategic knowledge.

Accepted Answer

A) True 
 B)False

Question 6

The key to successful brainstorming is throwing out bad ideas right from the beginning.

Accepted Answer

A) True 
 B)False

Question 7

Alina is thinking about opening a factory in Poland for her pottery company. She is having difficulty finding reliable factual information about the location, land ownership, available labor, and other related factors. Alina is facing a condition of

Accepted Answer

A)  risk escalation. 
B)  uncertainty. 
C)  risk. 
D)  objectivity. 
E)  certainty. 
A)  risk escalation. 
B)  uncertainty. 
C)  risk. 
D)  objectivity. 
E)  certainty.

Question 8

Which of these is a disadvantage of group-aided decision making?

Accepted Answer

A)  Overconfidence 
B)  Logrolling 
C)  Unethical decisions 
D)  Different perspectives 
E)  Training ground 
A)  Overconfidence 
B)  Logrolling 
C)  Unethical decisions 
D)  Different perspectives 
E)  Training ground

Question 9

When little or no reliable factual information is available, a condition of uncertainty exists.

Accepted Answer

A) True 
 B)False

Question 10

Managers are said to "idealize" when they systematically research alternative solutions and select the one with the best combination of benefits through scientific observation and quantitative measurement.

Accepted Answer

A) True 
 B)False

Question 11

Prejudice and bigotry thrive on framing error.

Accepted Answer

A) True 
 B)False

Question 12

One of the most important lessons learned from Boeing's outsourcing of the design and build of the airplane sections for the 787 Dreamliner is that __________________________.

Accepted Answer

A)  outsourcing is universally good. 
B)  outsourcing design and build is not ideal to use when the product requires complex integration of disparate subcomponents. 
C)  outsourcing should never be used with the "build-to-print" model calling for suppliers to receive confidential blueprints. 
D)  outsourcing is a proven model for always saving companies time and money. 
E)  outsourcing is never good. 
A)  outsourcing is universally good. 
B)  outsourcing design and build is not ideal to use when the product requires complex integration of disparate subcomponents. 
C)  outsourcing should never be used with the "build-to-print" model calling for suppliers to receive confidential blueprints. 
D)  outsourcing is a proven model for always saving companies time and money. 
E)  outsourcing is never good.

Question 13

____ is the first step in the general decision-making model.

Accepted Answer

A)  Forecasting 
B)  Evaluating alternatives 
C)  Making a decision 
D)  Conducting a stakeholder audit 
E)  Scanning the situation 
A)  Forecasting 
B)  Evaluating alternatives 
C)  Making a decision 
D)  Conducting a stakeholder audit 
E)  Scanning the situation

Question 14

Which of these statements is true about creative ability?

Accepted Answer

A)  Only about 4 out of 10 people have it. 
B)  It is an inborn trait. 
C)  It generally creates nonconformists. 
D)  It does not apply to corporate employees since they must follow rules. 
E)  It can be learned. 
A)  Only about 4 out of 10 people have it. 
B)  It is an inborn trait. 
C)  It generally creates nonconformists. 
D)  It does not apply to corporate employees since they must follow rules. 
E)  It can be learned.

Question 15

"Satisfice" means ____ relative to selecting a solution to a problem.

Accepted Answer

A)  finding the best cost-benefit relationship 
B)  finding the least expensive solution 
C)  finding the best possible solution 
D)  making the most people happy 
E)  settling for a solution that is good enough 
A)  finding the best cost-benefit relationship 
B)  finding the least expensive solution 
C)  finding the best possible solution 
D)  making the most people happy 
E)  settling for a solution that is good enough

Question 16

Given the accelerated pace of change in today's business environment, identifying stakeholders and balancing their conflicting interests is no longer important for decision makers.

Accepted Answer

A) True 
 B)False

Question 17

Which characteristic is not cited as an advantage of group-aided decision making?

Accepted Answer

A)  Logrolling 
B)  Training ground 
C)  Greater pool of knowledge 
D)  Increased acceptance 
E)  Greater comprehension 
A)  Logrolling 
B)  Training ground 
C)  Greater pool of knowledge 
D)  Increased acceptance 
E)  Greater comprehension

Question 18

Humor is one of the three domains of creativity.

Accepted Answer

A) True 
 B)False

Question 19

As Boeing learned the hard way, outsourcing is not universally good.

Accepted Answer

A) True 
 B)False

Question 20

Bonnie, Reitz, a senior vice president for sales at Continental Airlines is an example of a highly effective manager who embraces both the thinking style and the intuitive style.

Accepted Answer

A) True 
 B)False

The decision-making error of overconfidence is represented by the argument of "too much time and money invested to quit now."

____ probabilities are estimated from past experience or judgment.

Jann Wenner, founder of Rolling Stone magazine says that he makes decisions based on personal preferences and his own ideas about "what would be fun," rather than focusing on market research or financial reports. Wenner's information-processing style is predominantly __________.

____ knowledge is personal, intuitive, and undocumented information about how to skillfully perform tasks, solve problems, and make decisions.

There are two types of knowledge: implicit knowledge and strategic knowledge.

The key to successful brainstorming is throwing out bad ideas right from the beginning.

Alina is thinking about opening a factory in Poland for her pottery company. She is having difficulty finding reliable factual information about the location, land ownership, available labor, and other related factors. Alina is facing a condition of

Which of these is a disadvantage of group-aided decision making?

When little or no reliable factual information is available, a condition of uncertainty exists.

Managers are said to "idealize" when they systematically research alternative solutions and select the one with the best combination of benefits through scientific observation and quantitative measurement.

Prejudice and bigotry thrive on framing error.

One of the most important lessons learned from Boeing's outsourcing of the design and build of the airplane sections for the 787 Dreamliner is that __________________________.

____ is the first step in the general decision-making model.

Which of these statements is true about creative ability?

"Satisfice" means ____ relative to selecting a solution to a problem.

Given the accelerated pace of change in today's business environment, identifying stakeholders and balancing their conflicting interests is no longer important for decision makers.

Which characteristic is not cited as an advantage of group-aided decision making?

Humor is one of the three domains of creativity.

As Boeing learned the hard way, outsourcing is not universally good.

Bonnie, Reitz, a senior vice president for sales at Continental Airlines is an example of a highly effective manager who embraces both the thinking style and the intuitive style.

Managers and Entrepreneurs

The Evolution of Management Thought

The Changing Environment of Management: Diversity, Global Economy, and Technology

International Management and Cross-Cultural Competence

Managements Social and Ethical Responsibilities

The Basics of Planning and Project Management

Strategic Management: Planning for Long-Term Success

Organizations: Effectiveness, Design, and Cultures

Human Resource Management

Communicating in the Internet Age

Motivating Job Performance

Group Dynamics and Teamwork

Influence, Power, and Leadership

Change, Conflict, and Negotiation

Organizational Control and Quality Improvement

Filters

Exam 8: Decision Making and Creative Problem Solving

The decision-making error of overconfidence is represented by the argument of "too much time and money invested to quit now."

____ probabilities are estimated from past experience or judgment.

Jann Wenner, founder of Rolling Stone magazine says that he makes decisions based on personal preferences and his own ideas about "what would be fun," rather than focusing on market research or financial reports. Wenner's information-processing style is predominantly __________.

____ knowledge is personal, intuitive, and undocumented information about how to skillfully perform tasks, solve problems, and make decisions.

There are two types of knowledge: implicit knowledge and strategic knowledge.

The key to successful brainstorming is throwing out bad ideas right from the beginning.

Alina is thinking about opening a factory in Poland for her pottery company. She is having difficulty finding reliable factual information about the location, land ownership, available labor, and other related factors. Alina is facing a condition of

Which of these is a disadvantage of group-aided decision making?

When little or no reliable factual information is available, a condition of uncertainty exists.

Managers are said to "idealize" when they systematically research alternative solutions and select the one with the best combination of benefits through scientific observation and quantitative measurement.

Prejudice and bigotry thrive on framing error.

One of the most important lessons learned from Boeing's outsourcing of the design and build of the airplane sections for the 787 Dreamliner is that __________________________.

____ is the first step in the general decision-making model.

Which of these statements is true about creative ability?

"Satisfice" means ____ relative to selecting a solution to a problem.

Given the accelerated pace of change in today's business environment, identifying stakeholders and balancing their conflicting interests is no longer important for decision makers.

Which characteristic is not cited as an advantage of group-aided decision making?

Humor is one of the three domains of creativity.

As Boeing learned the hard way, outsourcing is not universally good.

Bonnie, Reitz, a senior vice president for sales at Continental Airlines is an example of a highly effective manager who embraces both the thinking style and the intuitive style.

Managers and Entrepreneurs

The Evolution of Management Thought

The Changing Environment of Management: Diversity, Global Economy, and Technology

International Management and Cross-Cultural Competence

Managements Social and Ethical Responsibilities

The Basics of Planning and Project Management

Strategic Management: Planning for Long-Term Success

Organizations: Effectiveness, Design, and Cultures

Human Resource Management

Communicating in the Internet Age

Motivating Job Performance

Group Dynamics and Teamwork

Influence, Power, and Leadership

Change, Conflict, and Negotiation

Organizational Control and Quality Improvement

Filters