Question 1

An advantage of group-aided decision making is "logrolling."

Accepted Answer

A) True 
 B)False

Question 2

A problem is defined as any sort of deficiency.

Accepted Answer

A) True 
 B)False

Question 3

____ is most closely associated with nonprogrammed decisions?

Accepted Answer

A)  Creative problem solving 
B)  An ethical problem 
C)  Certainty 
D)  A decision rule 
E)  High confidence 
A)  Creative problem solving 
B)  An ethical problem 
C)  Certainty 
D)  A decision rule 
E)  High confidence

Question 4

Compare and contrast intuition and thinking styles of information processing and decision making. Identify and briefly describe at least three ways to sharpen your intuition.

Accepted Answer

Both "thinking" and "intuitive" styles a

Question 5

Subjective probabilities are derived mathematically from reliable historical data.

Accepted Answer

A) True 
 B)False

Question 6

____ is the tendency to evaluate positively presented information favorably and negatively presented information unfavorably.

Accepted Answer

A)  Escalation of commitment 
B)  Overconfidence 
C)  Framing error 
D)  Short-term thinking 
E)  Satisficing 
A)  Escalation of commitment 
B)  Overconfidence 
C)  Framing error 
D)  Short-term thinking 
E)  Satisficing

Question 7

Unintended consequences and long-term impacts of managers' decisions should be ignored.

Accepted Answer

A) True 
 B)False

Question 8

How would you answer a manager who made the following statement: "Groups always make better decisions than individuals acting alone."

Accepted Answer

This is a False generalization. Groups t

Question 9

The "thinking" style of information processing tends to prevail in traditional pyramid work organizations.

Accepted Answer

A) True 
 B)False

Question 10

Decisions that are made in complex, important, and nonroutine situations are called

Accepted Answer

A)  group decisions. 
B)  nonprogrammed decisions. 
C)  ethical decisions. 
D)  programmed decisions. 
E)  individual decisions. 
A)  group decisions. 
B)  nonprogrammed decisions. 
C)  ethical decisions. 
D)  programmed decisions. 
E)  individual decisions.

Question 11

According to a recent survey, groupware is typically plagued by low quality implementation.

Accepted Answer

A) True 
 B)False

Question 12

One way to sharpen your intuition is to use imagery.

Accepted Answer

A) True 
 B)False

Question 13

BargainStock.com
Based on incomplete but reliable factual information, Maggie has decided to open BargainStock.com, an online stock trading company. Relying on her past experience and judgment, Maggie estimates a very high probability of success. Maggie feels that online stock trading, especially short-term day trading, will be lucrative for her business because when people are making money trading they want to make even more and when they are losing they keep "throwing good money after bad" to recoup.
-Refer to BargainStock.com. "Throwing good money after bad" describes the ____ decision trap among stock traders.

Accepted Answer

A)  satisficing 
B)  dollar cost averaging 
C)  framing error 
D)  escalation of commitment 
E)  overconfidence 
A)  satisficing 
B)  dollar cost averaging 
C)  framing error 
D)  escalation of commitment 
E)  overconfidence

Question 14

____ are typically stated in "if-then" terms.

Accepted Answer

A)  Contingent decisions 
B)  Conditions of risk 
C)  Decision rules 
D)  Nonprogrammed decisions 
E)  Situational decisions 
A)  Contingent decisions 
B)  Conditions of risk 
C)  Decision rules 
D)  Nonprogrammed decisions 
E)  Situational decisions

Question 15

BargainStock.com
Based on incomplete but reliable factual information, Maggie has decided to open BargainStock.com, an online stock trading company. Relying on her past experience and judgment, Maggie estimates a very high probability of success. Maggie feels that online stock trading, especially short-term day trading, will be lucrative for her business because when people are making money trading they want to make even more and when they are losing they keep "throwing good money after bad" to recoup.
-Refer to BargainStock.com. Maggie is facing a condition of

Accepted Answer

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

Question 16

One of the mental locks on creativity is "Always trying to be logical."

Accepted Answer

A) True 
 B)False

Question 17

According to recent field research, creative people are extreme nonconformists.

Accepted Answer

A) True 
 B)False

Question 18

Knowledge management is defined as the development of tools, processes, systems, structures, and cultures to improve the creation, sharing, and use of knowledge critical for decision making.

Accepted Answer

A) True 
 B)False

Question 19

When groups make decisions, a major difficulty that managers face is

Accepted Answer

A)  increased uncertainty. 
B)  loss of personal accountability. 
C)  poor problem identification. 
D)  choosing logical but impractical decisions. 
E)  low job satisfaction. 
A)  increased uncertainty. 
B)  loss of personal accountability. 
C)  poor problem identification. 
D)  choosing logical but impractical decisions. 
E)  low job satisfaction.

Question 20

What is a condition of "risk" and how can today's managers deal with it?

Accepted Answer

Managers face a condition of risk when t

An advantage of group-aided decision making is "logrolling."

A problem is defined as any sort of deficiency.

____ is most closely associated with nonprogrammed decisions?

Compare and contrast intuition and thinking styles of information processing and decision making. Identify and briefly describe at least three ways to sharpen your intuition.

Subjective probabilities are derived mathematically from reliable historical data.

____ is the tendency to evaluate positively presented information favorably and negatively presented information unfavorably.

Unintended consequences and long-term impacts of managers' decisions should be ignored.

How would you answer a manager who made the following statement: "Groups always make better decisions than individuals acting alone."

The "thinking" style of information processing tends to prevail in traditional pyramid work organizations.

Decisions that are made in complex, important, and nonroutine situations are called

According to a recent survey, groupware is typically plagued by low quality implementation.

One way to sharpen your intuition is to use imagery.

____ are typically stated in "if-then" terms.

One of the mental locks on creativity is "Always trying to be logical."

According to recent field research, creative people are extreme nonconformists.

Knowledge management is defined as the development of tools, processes, systems, structures, and cultures to improve the creation, sharing, and use of knowledge critical for decision making.

When groups make decisions, a major difficulty that managers face is

What is a condition of "risk" and how can today's managers deal with it?

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

An advantage of group-aided decision making is "logrolling."

A problem is defined as any sort of deficiency.

____ is most closely associated with nonprogrammed decisions?

Compare and contrast intuition and thinking styles of information processing and decision making. Identify and briefly describe at least three ways to sharpen your intuition.

Subjective probabilities are derived mathematically from reliable historical data.

____ is the tendency to evaluate positively presented information favorably and negatively presented information unfavorably.

Unintended consequences and long-term impacts of managers' decisions should be ignored.

How would you answer a manager who made the following statement: "Groups always make better decisions than individuals acting alone."

The "thinking" style of information processing tends to prevail in traditional pyramid work organizations.

Decisions that are made in complex, important, and nonroutine situations are called

According to a recent survey, groupware is typically plagued by low quality implementation.

One way to sharpen your intuition is to use imagery.

____ are typically stated in "if-then" terms.

One of the mental locks on creativity is "Always trying to be logical."

According to recent field research, creative people are extreme nonconformists.

Knowledge management is defined as the development of tools, processes, systems, structures, and cultures to improve the creation, sharing, and use of knowledge critical for decision making.

When groups make decisions, a major difficulty that managers face is

What is a condition of "risk" and how can today's managers deal with it?

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