Exam 6: Managers As Decision Makers

Managing Your Career Michelle has a new job and is learning to perform the tasks assigned to her.Different situations demand different decision-making processes. -Refer to Managing Your Career (Scenario).Michelle eventually finds a problem that has no cut-and-dry solution.The problem is unique and will never occur again.This problem is referred to as ________.

A series of eight steps that begins with identifying a problem and decision criteria and allocating weights to those criteria; moves to developing, analysing and selecting an alternative that can resolve the problem; implements the alternative; and concludes with evaluating the decision's effectiveness is the ________.

Programmed decision making tends to rely on which of the following?

Structured problems align well with which type of decision making?

Managers tend to operate under assumptions of bounded rationality.

According to the textbook, because managers can't possibly analyse all information on all alternatives, managers ________, rather than ________.

In a short essay, list and discuss five different aspects of 'intuition'.

Non-programmed decisions are unique and non-recurring.

A manager who 'by tomorrow wants to know the most logical answer to the problem that will increase profits for this month' has which of the following decision-making styles?

Managers are likely to characterise something as a problem if they perceive ________.

Managers are assumed to be ________; they make consistent, value-maximising choices within specified constraints.

Only managers make organisational decisions.

Which of the following is important to remember in evaluating the effectiveness of the decision-making process?

Rational analysis and intuitive decision making are complementary.

When decision makers fail to adjust adequately for information because they fixate on initial information they received, they are influenced by ________.

To make effective decisions in today's fast-moving world, managers need to ________.

The start-up costs of a franchise purchase is a possible decision criterion.

Which of the following is NOT a 'leading' decision?

Which of the following is a characteristic of unstructured problems?

The Car Colleen is a student and her older brother has loaned her an old car.The car is in need of several repairs before she will feel comfortable driving it. -Refer to The Car (Scenario).Colleen's brother has a different view of the repairs.He assumes that the repair person is using the best information available, but there may be other unexpected repairs that might surface and that a higher budget might be more reasonable.He is using ________.