Exam 9: Managing Decision Making and Problem Solving

Baldur chose to cut cable service to his home to save money.He knew he could still get local over-the-air service for free and view some entertainment on the Web.He knew each cost and his viewing options.This is an example of

The decision to hire a janitorial service,buy a fleet of sales vehicles,or hire a public relations expert are all examples of decisions made

Students in management 101 sit in the same seat every class even though seats are not assigned.This is an example of a ____ decision.

Mario wants to replace his bathroom.He called the contractor who did his kitchen five years ago and hired him.Mario used

The Detroit Three auto makers and United Auto Workers negotiated a labor deal with pay raises for entry level workers.This is an example of a(n)____ decision.

Compare and contrast the two types of decisions.

In the decision-making process,the follow-up step is most closely related to the management function of controlling.

The decision that the manager makes using the behavioral model of decision making

Based on the rational decision-making model,you would expect the first thing that happened at the other major networks as a result of the success of the American Idol television series was to

Airlines increased prices for last minute tickets usually purchased by corporate travelers.This was the 10th increase in one year.This is an example of a(n)____ decision.

Behavioral aspects of decisions include political forces,intuition,escalation of commitment,risk and ____________________.

Oprah Winfrey and Regis Philbin retired from daytime talk shows about the same time.Television executives saw an opportunity to fill the void.The show Anderson launched before Regis left but after Oprah stopped.The executives were in which step of the rational decision-making process?

Ryan Tool Company just purchased Coney Tools.The purchase came about because both the research and development people and the production people at Ryan joined forces to lobby for the purchase of Coney rather than another company.Both groups wanted Coney because of its up-to-date research and production facilities.The behavioral force that influenced their decision making is referred to as

As it relates to selecting the alternative in a decision-making situation,optimization means choosing the

The biggest drawback of group and team decision making is the additional time and hence the greater expense entailed.

What are the advantages and disadvantages of Delphi groups over other decision-making processes?

____________________ are the most common form of decision-making group.

When the manager understands the available options but the probabilities associated with each option are uncertain,the manager is experiencing

Consumers looking for discounts can check prices online before they shop.This way they will choose under conditions of

When managers apply their values to decision making there is an opportunity for better ethics,which is a good aspect of bounded rationality.