Question 1

Discuss the premise of the classical model of decision making.

Accepted Answer

not answered
Explanation:The premise of

Question 2

Discuss the step-by-step model of the decision-making process.

Accepted Answer

not answered
Explanation:Using the work

Question 3

Which of the following is a reason for incomplete information?

Accepted Answer

A)  Ambiguity 
B)  Complexity 
C)  Specificity 
D)  Heuristic ability 
E)  Satisficing ability 
A)  Ambiguity 
B)  Complexity 
C)  Specificity 
D)  Heuristic ability 
E)  Satisficing ability

Question 4

Entrepreneurs have an external locus of control and believe that they are not responsible for what happens to them.

Accepted Answer

A) True 
 B)False

Question 5

The classical model specifies how decisions should be made. In other words it is:

Accepted Answer

A)  heuristic. 
B)  prescriptive. 
C)  optimizing. 
D)  intuitive. 
E)  satisficing. 
A)  heuristic. 
B)  prescriptive. 
C)  optimizing. 
D)  intuitive. 
E)  satisficing.

Question 6

The administrative model suggests that human decision-making capabilities are free of cognitive limitations.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following group decision-making processes is a written approach to creative problem solving?

Accepted Answer

A)  The Delphi technique 
B)  Dialectical inquiry 
C)  Brainstorming 
D)  Nominal group technique 
E)  Devil's advocacy 
A)  The Delphi technique 
B)  Dialectical inquiry 
C)  Brainstorming 
D)  Nominal group technique 
E)  Devil's advocacy

Question 8

Entrepreneurship is noticing an opportunity to satisfy a customer need and then deciding how to find and use resources to make a product that satisfies that need.

Accepted Answer

A) True 
 B)False

Question 9

The ability of a decision maker to discover novel ideas that lead to feasible alternatives in decision making is known as creativity.

Accepted Answer

A) True 
 B)False

Question 10

_____ results from the tendency to make decisions based on preexisting beliefs even though evidence suggests that those beliefs are wrong.

Accepted Answer

A)  Prior hypothesis bias 
B)  Dialectical inquiry 
C)  Escalating commitment 
D)  Representativeness bias 
E)  The illusion of control 
A)  Prior hypothesis bias 
B)  Dialectical inquiry 
C)  Escalating commitment 
D)  Representativeness bias 
E)  The illusion of control

Question 11

Which of the following is true of decision making?

Accepted Answer

A)  Making a decision and not acting on it is better than not making a decision at all. 
B)  Identifying relevant information means that the manager has complete information. 
C)  In order to implement the chosen alternative, many subsequent and related decisions must be made. 
D)  Effective managers prefer planning for the future rather than conducting a retrospective analysis. 
E)  If the advantages of an alternative are significantly high, its disadvantages need not be evaluated. 
A)  Making a decision and not acting on it is better than not making a decision at all. 
B)  Identifying relevant information means that the manager has complete information. 
C)  In order to implement the chosen alternative, many subsequent and related decisions must be made. 
D)  Effective managers prefer planning for the future rather than conducting a retrospective analysis. 
E)  If the advantages of an alternative are significantly high, its disadvantages need not be evaluated.

Question 12

Which of the following is a source of bias that can adversely affect the way managers make decisions?

Accepted Answer

A)  Reasoned judgments 
B)  Bounded rationality 
C)  Economic feasibility 
D)  Escalating commitment 
E)  Dialectical inquiry 
A)  Reasoned judgments 
B)  Bounded rationality 
C)  Economic feasibility 
D)  Escalating commitment 
E)  Dialectical inquiry

Question 13

_____ results from overestimating one's own ability to influence actions and events.

Accepted Answer

A)  Escalating commitment 
B)  Illusion of control 
C)  Prior hypothesis bias 
D)  Representativeness bias 
E)  Dialectical inquiry 
A)  Escalating commitment 
B)  Illusion of control 
C)  Prior hypothesis bias 
D)  Representativeness bias 
E)  Dialectical inquiry

Question 14

The key to a good assessment of the alternatives is to define the opportunity or threat exactly.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true of choosing among alternative solutions?

Accepted Answer

A)  The alternative solutions are ranked in the order that they were developed or created. 
B)  Identifying all relevant information doesn't mean that a manager has complete information. 
C)  Existence of incomplete information is more serious than ignoring critical information. 
D)  Once alternatives are chosen and ranked, they must be evaluated. 
E)  The final step in the decision-making process is choosing among alternative solutions. 
A)  The alternative solutions are ranked in the order that they were developed or created. 
B)  Identifying all relevant information doesn't mean that a manager has complete information. 
C)  Existence of incomplete information is more serious than ignoring critical information. 
D)  Once alternatives are chosen and ranked, they must be evaluated. 
E)  The final step in the decision-making process is choosing among alternative solutions.

Question 16

Entrepreneurship is the same as management.

Accepted Answer

A) True 
 B)False

Question 17

Discuss the three important techniques that managers can use to promote creativity in group decision making.

Accepted Answer

not answered
Explanation:The three techn

Question 18

_____ is the process through which managers seek to improve employees' desire and ability to understand and manage the organization.

Accepted Answer

A)  Dialectical inquiry 
B)  Devil's advocacy 
C)  Groupthink 
D)  Organizational learning 
E)  Skunkworks 
A)  Dialectical inquiry 
B)  Devil's advocacy 
C)  Groupthink 
D)  Organizational learning 
E)  Skunkworks

Question 19

Discuss the four criteria to evaluate the pros and cons of alternative courses of action.

Accepted Answer

not answered
Explanation:In general, suc

Question 20

The first step in the managerial decision-making process is to:

Accepted Answer

A)  choose between alternatives. 
B)  assess alternatives. 
C)  implement the chosen alternative. 
D)  recognize the need for a decision. 
E)  conduct a retrospective analysis. 
A)  choose between alternatives. 
B)  assess alternatives. 
C)  implement the chosen alternative. 
D)  recognize the need for a decision. 
E)  conduct a retrospective analysis.

Discuss the premise of the classical model of decision making.

Discuss the step-by-step model of the decision-making process.

Which of the following is a reason for incomplete information?

Entrepreneurs have an external locus of control and believe that they are not responsible for what happens to them.

The classical model specifies how decisions should be made. In other words it is:

The administrative model suggests that human decision-making capabilities are free of cognitive limitations.

Which of the following group decision-making processes is a written approach to creative problem solving?

Entrepreneurship is noticing an opportunity to satisfy a customer need and then deciding how to find and use resources to make a product that satisfies that need.

The ability of a decision maker to discover novel ideas that lead to feasible alternatives in decision making is known as creativity.

_____ results from the tendency to make decisions based on preexisting beliefs even though evidence suggests that those beliefs are wrong.

Which of the following is true of decision making?

Which of the following is a source of bias that can adversely affect the way managers make decisions?

_____ results from overestimating one's own ability to influence actions and events.

The key to a good assessment of the alternatives is to define the opportunity or threat exactly.

Which of the following is true of choosing among alternative solutions?

Entrepreneurship is the same as management.

Discuss the three important techniques that managers can use to promote creativity in group decision making.

_____ is the process through which managers seek to improve employees' desire and ability to understand and manage the organization.

Discuss the four criteria to evaluate the pros and cons of alternative courses of action.

The first step in the managerial decision-making process is to:

Managers and Managing

The Evolution of Management

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

The Manager As a Planner and a Strategist

Value Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Used Advanced Information Technology to Increase Performance

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Exam 7: Decision Making, Learning, Creativity, and Entrepreneurship

Discuss the premise of the classical model of decision making.

Discuss the step-by-step model of the decision-making process.

Which of the following is a reason for incomplete information?

Entrepreneurs have an external locus of control and believe that they are not responsible for what happens to them.

The classical model specifies how decisions should be made. In other words it is:

The administrative model suggests that human decision-making capabilities are free of cognitive limitations.

Which of the following group decision-making processes is a written approach to creative problem solving?

Entrepreneurship is noticing an opportunity to satisfy a customer need and then deciding how to find and use resources to make a product that satisfies that need.

The ability of a decision maker to discover novel ideas that lead to feasible alternatives in decision making is known as creativity.

_____ results from the tendency to make decisions based on preexisting beliefs even though evidence suggests that those beliefs are wrong.

Which of the following is true of decision making?

Which of the following is a source of bias that can adversely affect the way managers make decisions?

_____ results from overestimating one's own ability to influence actions and events.

The key to a good assessment of the alternatives is to define the opportunity or threat exactly.

Which of the following is true of choosing among alternative solutions?

Entrepreneurship is the same as management.

Discuss the three important techniques that managers can use to promote creativity in group decision making.

_____ is the process through which managers seek to improve employees' desire and ability to understand and manage the organization.

Discuss the four criteria to evaluate the pros and cons of alternative courses of action.

The first step in the managerial decision-making process is to:

Managers and Managing

The Evolution of Management

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

The Manager As a Planner and a Strategist

Value Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Used Advanced Information Technology to Increase Performance

Filters