Exam 4: Decision-Making Skills

Data processing uses data to produce information for management in making decisions to solve problems.

Harry,a senior manager at Pine and Acorn Consultancy,needs to decide how best to expand the services of Pine and Acorn in new markets.He is following the model for creative decision making for this purpose.He has already described the present situation in writing.What should Harry do next?

Which of the following approaches used by decision makers under a situation of uncertainty is also known as the gambling approach?

A manager who is "living in the past," is most likely to follow the optimizing approach to decision making.

When the decision maker has very little or no reliable information on which to evaluate the different possible outcomes,he or she is most likely to use the _____ approach for decision making.

The employee handbook of Pine and Acorn Consulting contains clear guidelines about employee dress code and the actions Pine and Acorn will take against employees found violating the code.Harry,a manager at Pine and Acorn,has noticed that a new hire in his team has been regularly violating the code.The decision that Harry needs to take in this context can be best categorized as a _____ decision.

Approaches to decision making that attempt to evaluate factual information through the use of some type of deductive reasoning are referred to as _____ approaches.

Which of the following is a pessimistic approach for dealing with uncertainty when making decisions?

Contrast management information systems against transaction-processing systems.

Under conditions of risk,which of the following can the decision maker use to help arrive at a decision?

The intelligence stage in the decision process involves searching the environment for conditions requiring a decision.

Brainstorming has been found to generate more unique ideas than the nominal group technique.

_____,in its narrowest sense,is the process of choosing from among various alternatives.

What are some limitations of the optimizing approach?

List and describe the steps that are involved in making a nominal group technique work.

Which of the following tools for fostering creativity involves the following steps: listing,recording,voting,discussion,and final voting?

Describe the optimizing approach to decision making.

A pragmatic mode suggests that an individual has an evaluative framework that is guided primarily by success-failure considerations.

_____ decisions are reached by an established or systematic procedure.

Harry is a senior manager at Pine and Acorn Consultancy.He ignored the data indicating that the economy of the largest market of Pine and Acorn was sliding into recession.He had failed to take the decision to expand in the growing economies costing Pine and Acorn significant future revenues.Which of the following barriers to effective decision making did Harry succumb to?