Exam 4: Managers As Decision Makers

__________ involves problem-solving in a rational,step-by-step,analytical process.

The __________ heuristic assesses the likelihood of an occurrence using a stereotyped set of similar events.

__________ add value to organizations through their intellectual capabilities.

Which of these refers to the ability to gather and use information to solve problems?

A decision making environment in which you have complete information on possible alternatives and their consequences is called a __________ environment.

A common management problem when implementing decisions is escalating commitment.

What makes decision-making so challenging in the "real world" of management?

The behavioral decision model attempts to provide which of these decisions?

When making decisions,Jason attempts to select the absolute best alternative solution to a problem.Jason can be said to be focused on __________ decision.

Not all decisions are going to be easy ones; some will have to be made under tough conditions; and,not all decisions will turn out right.

When generating alternative courses of action,extensive information gathering should identify alternative courses of action as well as their anticipated consequences.

The evaluation process should not only consider whether the results were gained,but should also determine whether any undesirable side-effects occurred.

The __________decision model describes decision-making with limited information and bounded rationality.

Why do people escalate commitment to failing actions?

James is a proactive information gatherer and a forward thinking manager.James is said to be a

The classical and behavioral models could be used in what step of the decision-making process?

When faced with decision circumstances in which the information is incomplete,yet one can still reasonably estimate probabilities for the outcomes of various options,the environment is said to be a(n):

__________ involves selecting the first option that appears to work in solving the problem.

The problem in a "crisis" situation is not just that it is often unexpected,but that it must be handled quickly in order to avoid a disaster.

A __________ decision applies a specific solution crafted for a unique problem.