Question 1

Intuitive decision making can complement _________.

Accepted Answer

A) rational decision making only 
B) bounded rationality only 
C) both rationality and bounded rationality 
D) neither rationality nor bounded rationality 
A) rational decision making only 
B) bounded rationality only 
C) both rationality and bounded rationality 
D) neither rationality nor bounded rationality

Question 2

Sondra has determined that the speed of the system she settles on is twice as important as the capacity of the system.Which stage of the decision-making process is she carrying out?

Accepted Answer

A) Allocating weights to the criteria 
B) Implementing the alternative 
C) Identifying the problem 
D) Selecting an alternative 
A) Allocating weights to the criteria 
B) Implementing the alternative 
C) Identifying the problem 
D) Selecting an alternative

Question 3

In what way are groups more effective than individuals at decision making, and in what ways are they less effective?

Accepted Answer

Group decisions are based on more comple

Question 4

What does it mean for a decision maker to maximise value?

Accepted Answer

A) To make the decision to be as clear and logical as possible 
B) To use as little resources as possible 
C) To make the achievement of goals as likely as possible 
D) To make decisions as quickly as possible 
A) To make the decision to be as clear and logical as possible 
B) To use as little resources as possible 
C) To make the achievement of goals as likely as possible 
D) To make decisions as quickly as possible

Question 5

A synonym for the word satisfice is maximise.

Accepted Answer

A) True 
 B)False

Question 6

According to the decision-making process, the first step Sondra should take is to _________.

Accepted Answer

A) evaluate her decision's effectiveness 
B) identify decision criteria 
C) identify the problem 
D) analyse alternative solutions 
A) evaluate her decision's effectiveness 
B) identify decision criteria 
C) identify the problem 
D) analyse alternative solutions

Question 7

Unconscious reasoning is synonymous with _________.

Accepted Answer

A) intuitive decision making 
B) bounded rationality 
C) escalation of commitment 
D) assumptive reasoning 
A) intuitive decision making 
B) bounded rationality 
C) escalation of commitment 
D) assumptive reasoning

Question 8

Identifying the right problem and failing to solve it is just as much a failure as identifying the wrong problem.

Accepted Answer

A) True 
 B)False

Question 9

Ringisei is a Japanese senior-level manager.

Accepted Answer

A) True 
 B)False

Question 10

Managerial decisions are likely to become more programmed as managers rise in an organisational hierarchy.

Accepted Answer

A) True 
 B)False

Question 11

If a car buyer knows the price of the same car at different dealerships, he or she is operating under what type of decision-making condition?

Accepted Answer

A) Certainty 
B) Risk 
C) Factual 
D) Uncertainty 
A) Certainty 
B) Risk 
C) Factual 
D) Uncertainty

Question 12

A person who satisfices fails to _________.

Accepted Answer

A) understand his or her position 
B) accept the truth of a situation 
C) maximise his or her decision 
D) make any kind of decision 
A) understand his or her position 
B) accept the truth of a situation 
C) maximise his or her decision 
D) make any kind of decision

Question 13

Programmed decisions draw heavily on which of the following?

Accepted Answer

A) Past solutions that were unsuccessful 
B) Mistakes made in the past 
C) Innovative new solutions 
D) Past solutions that were successful 
A) Past solutions that were unsuccessful 
B) Mistakes made in the past 
C) Innovative new solutions 
D) Past solutions that were successful

Question 14

A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?

Accepted Answer

A) Selective perception bias 
B) Immediate gratification 
C) Representation 
D) Overconfidence 
A) Selective perception bias 
B) Immediate gratification 
C) Representation 
D) Overconfidence

Question 15

Which group technique allows group members to meet together, but at the same time facilitates independent decision making?

Accepted Answer

A) Small meetings of less than 10 individuals 
B) Brainstorming 
C) Nominal group technique 
D) Large meetings of over 50 individuals 
A) Small meetings of less than 10 individuals 
B) Brainstorming 
C) Nominal group technique 
D) Large meetings of over 50 individuals

Question 16

In a condition of certainty, _________.

Accepted Answer

A) some alternatives are not known 
B) most outcomes are known 
C) the decision is already made 
D) all outcomes of all alternatives are known 
A) some alternatives are not known 
B) most outcomes are known 
C) the decision is already made 
D) all outcomes of all alternatives are known

Question 17

The eight steps of decision making can _________.

Accepted Answer

A) be employed by individuals and groups 
B) be employed by individuals only 
C) only be employed in groups of 10 or more 
D) only be employed by groups only 
A) be employed by individuals and groups 
B) be employed by individuals only 
C) only be employed in groups of 10 or more 
D) only be employed by groups only

Question 18

Mid-level managers in a country with high power distance are _________ compared to managers from a low power distance country.

Accepted Answer

A) less likely to make safe, conservative decisions 
B) more likely to make risky decisions 
C) more likely to disagree with their leaders' decisions 
D) less likely to make risky decisions 
A) less likely to make safe, conservative decisions 
B) more likely to make risky decisions 
C) more likely to disagree with their leaders' decisions 
D) less likely to make risky decisions

Question 19

Decision making begins with _________.

Accepted Answer

A) eliminating false alternatives 
B) analysis of alternatives 
C) identifying a problem 
D) selecting alternatives 
A) eliminating false alternatives 
B) analysis of alternatives 
C) identifying a problem 
D) selecting alternatives

Question 20

Bounded rationality recognises that managers are cognitively limited in the _________.

Accepted Answer

A) problems they can identify 
B) logical assumptions they can understand 
C) amount of information they can process 
D) criteria they can use 
A) problems they can identify 
B) logical assumptions they can understand 
C) amount of information they can process 
D) criteria they can use

Intuitive decision making can complement _________.

Sondra has determined that the speed of the system she settles on is twice as important as the capacity of the system.Which stage of the decision-making process is she carrying out?

In what way are groups more effective than individuals at decision making, and in what ways are they less effective?

What does it mean for a decision maker to maximise value?

A synonym for the word satisfice is maximise.

According to the decision-making process, the first step Sondra should take is to _________.

Unconscious reasoning is synonymous with _________.

Identifying the right problem and failing to solve it is just as much a failure as identifying the wrong problem.

Ringisei is a Japanese senior-level manager.

Managerial decisions are likely to become more programmed as managers rise in an organisational hierarchy.

If a car buyer knows the price of the same car at different dealerships, he or she is operating under what type of decision-making condition?

A person who satisfices fails to _________.

Programmed decisions draw heavily on which of the following?

A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?

Which group technique allows group members to meet together, but at the same time facilitates independent decision making?

In a condition of certainty, _________.

The eight steps of decision making can _________.

Mid-level managers in a country with high power distance are _________ compared to managers from a low power distance country.

Decision making begins with _________.

Bounded rationality recognises that managers are cognitively limited in the _________.

Managers and Management

The Managerial Environment

Foundations of Planning

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters

Exam 3: Foundations of Decision Making

Intuitive decision making can complement _________.

Sondra has determined that the speed of the system she settles on is twice as important as the capacity of the system.Which stage of the decision-making process is she carrying out?

In what way are groups more effective than individuals at decision making, and in what ways are they less effective?

What does it mean for a decision maker to maximise value?

A synonym for the word satisfice is maximise.

According to the decision-making process, the first step Sondra should take is to _________.

Unconscious reasoning is synonymous with _________.

Identifying the right problem and failing to solve it is just as much a failure as identifying the wrong problem.

Ringisei is a Japanese senior-level manager.

Managerial decisions are likely to become more programmed as managers rise in an organisational hierarchy.

If a car buyer knows the price of the same car at different dealerships, he or she is operating under what type of decision-making condition?

A person who satisfices fails to _________.

Programmed decisions draw heavily on which of the following?

A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?

Which group technique allows group members to meet together, but at the same time facilitates independent decision making?

In a condition of certainty, _________.

The eight steps of decision making can _________.

Mid-level managers in a country with high power distance are _________ compared to managers from a low power distance country.

Decision making begins with _________.

Bounded rationality recognises that managers are cognitively limited in the _________.

Managers and Management

The Managerial Environment

Foundations of Planning

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters