Exam 4: Creative Problem Solving and Decision Making

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In Japan, __________ is called ringi.

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_____________ is a type of innovation that introduces new goods or services.

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__________ describes the feeling where the pain of losing outweighs the joy of winning.

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_____________ is selecting an alternative based on your experience and rational judgment.

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The second step of the decision-making model is to set objectives and criteria.

(True/False)
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A problem is __________.

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_________ involves using a series of confidential questionnaires to refine a solution.

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Managers need to attempt to solve all problems.

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__________ is the second step in the decision-making model.

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Cost-benefit analysis requires that all costs and benefits be expressed numerically, so that the total costs can be compared mathematically to the total benefits.

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Programmed decisions are those that arise in recurring or routine situations.

(True/False)
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Mary, the director of human resources, frequently receives e-mails from colleagues seeking advice about problems they are facing.Because Mary receives so many of these e-mails, she quickly e-mails the colleagues back to let the individual know she has received the e-mail and that she will respond to them within a few weeks with her recommended solution.Mary is most likely a ________ decision maker.

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Mary, the director of human resources, frequently receives e-mails from colleagues seeking advice about problems they are facing.Because Mary receives so many of these e-mails, in order to save time, she typically responds with the first solution that comes to mind.Mary is most likely a ________ decision maker.

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Maximizing is best when ____________.

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With programmed decision making, the alternative is usually determined by __________.

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Soledad and her team have been working through the decision-making model in order to address a recent significant drop in repeat business from the customers of her advertising firm.After analyzing all of the alternatives they generated, it became clear that none of them would satisfy the criteria they set for the decision.At this point, Soledad knows that they have two options, one of which is to __________.

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Which of the following is the third step in the decision-making model?

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In countries that are less time conscious, decision styles are more reflexive.

(True/False)
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Data-driven businesses have lower quality and speed of execution of plans because of the time-consuming nature of the data analysis process.

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Which of the following is representative of consistent decision maker?

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