Exam 4: Decision-Making Skills

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Which of the following statements about programmed decisions is true?

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How can emotional attachments hurt decision makers?

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_____ involves presenting a problem to a group of people and allows them to present ideas for a solution to the problem.

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Which of the following approaches for dealing with uncertainty involves comparing the worst possible outcomes for each alternative and selecting the one that is least undesirable?

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Transaction-processing system is a subset of data processing.

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Which of the following is the process of determining the appropriate responses or actions necessary to alleviate any deviation from some standard or desired level of performance?

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Which of the following statements about group decision making is true?

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Nonmanagement decisions are concentrated in the _____ stage of the decision process.

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Management information systems substitute computer processing for manual recordkeeping procedures.

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A manager is deciding between sourcing a raw material from an agent (fast and expensive option)and assigning an employee in the procurement department to buy it from the market (slow and low-price option).This is an example of a decision made under a condition of _____.

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Describe the five-step approach to foster the creative environment.

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The problem-finding stage of the creative decision making model is concerned primarily with the present and the past.

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The satisficing approach to decision making is sometimes called the rational or scientific approach.

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Harry is a senior manager at Pine and Acorn Consultancy.He decided to expand Pine and Acorn's services in the growing economies after slow decision making cost Pine and Acorn significant future revenues.Which of the following barriers to effective decision making did Harry succumb to?

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Group decisions are generally better when speed is more important than avoiding mistakes.

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What can managers do to establish a creative environment?

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Which of the following is the last step in the optimizing approach to decision making?

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_____ systems substitute computer processing for manual recordkeeping procedures.

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A potential shortcoming of the _____ is that it represents the average outcome if the event is repeated many times.

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Which of the following statements about the intelligence stage in the decision process is true?

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