Exam 4: Managers As Decision Makers

The __________ decision making model assumes incomplete information and bounded rationality.

Joe,a HR manager,is tired of answering the same questions over and over again.His team of information technology experts developed auto response software.This software helped in reducing the number of times Joe had to be involved personally.Joe has made a __________ decision to implement __________ decision software.

Jessica always tends to approach a problem in a flexible and spontaneous fashion.This refers to __________.

The classical decision model attempts to provide a(n)__________ decision.

In a company,the major issue is a drop in its sales.Which of the following should be followed by the company?

A decision that chooses the first satisfactory alternative that is presented is called a(n)__________ decision.

Nonprogrammed decisions are used to create novel solutions for unique situations.

Identifying and taking action to resolve problems is called __________.

A decision making environment in which you lack complete information,and it is difficult if not impossible to assign probabilities to the outcomes is called a(n)__________ environment.

An availability heuristic solves the current situation based upon its similarity to a stereotyped set of occurrences.

Evaluating alternatives,in which positive and negative outcomes are examined,is done with the help of a tool called __________.

In the second step of the decision-making process,the various options are compared.

"How would I feel if my family found out about this decision?" "How would I feel if this decision was published in the local newspaper or posted on the Internet?" These are examples of __________ ethical questions.

The fourth step in the decision-making process is

__________ are decision makers who ignore information and trouble signals.

When something is wrong or likely to go wrong,it is called a __________.

A(n)__________ is a choice among possible alternative courses of action.

If you are seeking the best possible solution,you are seeking to __________ your decision.

According to the book The Shallows,author Nicolas Carr argues that the Internet may have lightened our thinking by replacing deep thought and reflection with shallow-minded pursuits.

List and define the three decision making environments and their relationship to programmed and nonprogrammed decisions. nt is the same as a risk environment,except that it is very difficult or impossible to assign probabilities of occurrence to the consequences.Programmable decisions are not likely or even possible in this environment.Almost all decisions will be nonprogrammable.