Question 1

Which of the following is true about managerial rational decision making?

Accepted Answer

A) Most decisions managers face allow for rational decision making. 
B) Managers can make rational decisions if the manager is faced with a simple problem in which the goals are clear and the alternatives limited. 
C) Rational decision making is always possible if the goals are clear and straightforward. 
D) Time pressure forces managers into rational decision making. 
E) Rational decision making is generally possible when the decision involves 'things' but not people. 
A) Most decisions managers face allow for rational decision making. 
B) Managers can make rational decisions if the manager is faced with a simple problem in which the goals are clear and the alternatives limited. 
C) Rational decision making is always possible if the goals are clear and straightforward. 
D) Time pressure forces managers into rational decision making. 
E) Rational decision making is generally possible when the decision involves 'things' but not people.

Question 2

A person at a horse racetrack who bets all of his/her money on the odds-based long shot to 'win' (rather than 'place' or 'show')is making what kind of choice?

Accepted Answer

A) maximax 
B) maximin 
C) minimax 
D) minimin 
E) miximix 
A) maximax 
B) maximin 
C) minimax 
D) minimin 
E) miximix

Question 3

Decision making is (simplistically)typically described as which of the following?

Accepted Answer

A) deciding what is correct 
B) putting preference on paper 
C) choosing among alternatives 
D) processing information to completion 
E) the end result of data collection 
A) deciding what is correct 
B) putting preference on paper 
C) choosing among alternatives 
D) processing information to completion 
E) the end result of data collection

Which of the following is true about managerial rational decision making?

A person at a horse racetrack who bets all of his/her money on the odds-based long shot to 'win' (rather than 'place' or 'show')is making what kind of choice?

Decision making is (simplistically)typically described as which of the following?

Managers in the Workplace

Management History

Managing the External Environment and Organisational Culture

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managing Change and Innovation

Foundations of Planning

Strategic Management

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding and Managing Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 6: Managers As Decision Makers

Which of the following is true about managerial rational decision making?

A person at a horse racetrack who bets all of his/her money on the odds-based long shot to 'win' (rather than 'place' or 'show')is making what kind of choice?

Decision making is (simplistically)typically described as which of the following?

Managers in the Workplace

Management History

Managing the External Environment and Organisational Culture

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managing Change and Innovation

Foundations of Planning

Strategic Management

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding and Managing Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters