Question 1

The best alternative is the most ____ alternative.

Accepted Answer

A) efficient 
B) controllable 
C) profitable 
D) effective 
E) valid 
A) efficient 
B) controllable 
C) profitable 
D) effective 
E) valid

Question 2

Under which decision-making condition is the decision maker unaware of all the alternatives and the risks and consequences associated with each alternative?

Accepted Answer

A) Probability 
B) Risk 
C) Certainty 
D) Rationality 
E) Uncertainty 
A) Probability 
B) Risk 
C) Certainty 
D) Rationality 
E) Uncertainty

Question 3

Compare and contrast the three types of conditions under which managers make decisions by placing them on a continuum of certainty.

Accepted Answer

Students should identify certainty,risk,

Question 4

When a communications president agrees to be interviewed for 60 Minutes,she can be described as having a high degree of risk propensity.

Accepted Answer

A) True 
 B)False

Question 5

According to the text,the word best as used with respect to selecting a decision alternative relates to the ____________________ of the decision.

Accepted Answer

The answer of According to the text,the word best as...

Question 6

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed,the manager is experiencing

Accepted Answer

A) decision making under risk. 
B) satisficing. 
C) bounded rationality. 
D) decision making under certainty. 
E) decision making under uncertainty. 
A) decision making under risk. 
B) satisficing. 
C) bounded rationality. 
D) decision making under certainty. 
E) decision making under uncertainty.

Question 7

The key to making effective decisions under conditions of risk is to

Accepted Answer

A) recognize that information is not available and approach the situation intuitively. 
B) determine the probabilities associated with each alternative as accurately as possible. 
C) develop a rational system for ordering your choices in a hierarchy of importance. 
D) recognize that you do not know all of the alternatives related to the decision. 
E) identify the alternative(s) with completely predictable outcomes. 
A) recognize that information is not available and approach the situation intuitively. 
B) determine the probabilities associated with each alternative as accurately as possible. 
C) develop a rational system for ordering your choices in a hierarchy of importance. 
D) recognize that you do not know all of the alternatives related to the decision. 
E) identify the alternative(s) with completely predictable outcomes.

Question 8

What are the similarities and differences between the two types of decisions?

Accepted Answer

The two types of decisions being referre

Question 9

____ is the selection of the first minimally acceptable alternative.

Accepted Answer

A) Optimization 
B) Intuitive decision making 
C) Bounded rationality 
D) Escalation of commitment 
E) Satisficing 
A) Optimization 
B) Intuitive decision making 
C) Bounded rationality 
D) Escalation of commitment 
E) Satisficing

Question 10

Oprah Winfrey and Regis Philbin retired from daytime talk shows about the same time.Television executives saw that Anderson Cooper filled in for Regis in 32 appearances,so they created a new show around Cooper.The ____ model can be used to explain why they chose Cooper without evaluating other alternatives.

Accepted Answer

A) classical 
B) bureaucratic 
C) administrative 
D) human relations 
E) contingency 
A) classical 
B) bureaucratic 
C) administrative 
D) human relations 
E) contingency

Question 11

Which of the following statements is an advantage of group decision making?

Accepted Answer

A) Groups typically spend a lot of time interacting and discussing. 
B) Groups often represent diversity of education and experience. 
C) Leaders can shine in groups. 
D) Groups tend to desire consensus and cohesiveness. 
E) Groups typically reach compromise decisions. 
A) Groups typically spend a lot of time interacting and discussing. 
B) Groups often represent diversity of education and experience. 
C) Leaders can shine in groups. 
D) Groups tend to desire consensus and cohesiveness. 
E) Groups typically reach compromise decisions.

Question 12

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

Accepted Answer

A) Recognizing and defining the situation 
B) Evaluating alternatives 
C) Selecting the best alternatives 
D) Implementing an alternative 
E) Cannot be determined from the information given 
A) Recognizing and defining the situation 
B) Evaluating alternatives 
C) Selecting the best alternatives 
D) Implementing an alternative 
E) Cannot be determined from the information given

Question 13

YouTube was operating at a loss when Google bought it.Three years later it was still operating at a loss.Google may have experienced ____.

Accepted Answer

A) intuition 
B) escalation of commitment 
C) empathy 
D) risk propensity 
E) political forces 
A) intuition 
B) escalation of commitment 
C) empathy 
D) risk propensity 
E) political forces

Question 14

Decision making is a part of which management function?

Accepted Answer

A) Planning 
B) Organizing 
C) Controlling 
D) Leading 
E) All of these choices 
A) Planning 
B) Organizing 
C) Controlling 
D) Leading 
E) All of these choices

Question 15

William invested in an initial public offering.After a month he lost 5 percent.After a year he lost 50 percent.After two years he lost 80 percent.William's decision to keep the investment is an example of

Accepted Answer

A) bounded optimization. 
B) escalation of commitment. 
C) programmed decision making. 
D) strategic maximization. 
E) intuitive rationality. 
A) bounded optimization. 
B) escalation of commitment. 
C) programmed decision making. 
D) strategic maximization. 
E) intuitive rationality.

Question 16

Which of the following is NOT an example of an interacting group?

Accepted Answer

A) Standing committee 
B) Task force 
C) Delphi group 
D) Functional department 
E) Ad hoc committee 
A) Standing committee 
B) Task force 
C) Delphi group 
D) Functional department 
E) Ad hoc committee

Question 17

The U.S.government has never faltered on its debt payments,although it came close in August,2011.Investing in treasury bills is an example of

Accepted Answer

A) decision making under risk. 
B) satisficing. 
C) bounded rationality. 
D) decision making under certainty. 
E) decision making under uncertainty. 
A) decision making under risk. 
B) satisficing. 
C) bounded rationality. 
D) decision making under certainty. 
E) decision making under uncertainty.

Question 18

When the space shuttle Columbia needed to reenter the atmosphere the crew knew there was damage on the outside of the aircraft.If there had been room and supplies the crew could have gone to the space station.Which criterion for evaluating a decision alternative did the space station fail to meet?

Accepted Answer

A) Feasibility 
B) Satisfactoriness 
C) Affordability 
D) Consequences 
E) Rationality 
A) Feasibility 
B) Satisfactoriness 
C) Affordability 
D) Consequences 
E) Rationality

Question 19

Sy.Med Development,Inc.is the only company that has credentialing application software for physicians and managed care organizations.Credentialing applications must be submitted to each insurance provider annually and can be a very labor-intensive process.Sy.Med is the only company that has developed such software,and it provides complete support for the software.A physician's office in Montana that wants to buy or use the software would be making the purchase decision

Accepted Answer

A) with bounded rationality. 
B) under risk. 
C) under uncertainty. 
D) with a satisficing result. 
E) under certainty. 
A) with bounded rationality. 
B) under risk. 
C) under uncertainty. 
D) with a satisficing result. 
E) under certainty.

Question 20

Groups that are used to develop a consensus of expert opinion without the members of the group ever meeting face to face are called ____ groups.

Accepted Answer

A) interacting 
B) Delphi 
C) nominal 
D) unilateral 
E) task 
A) interacting 
B) Delphi 
C) nominal 
D) unilateral 
E) task

The best alternative is the most ____ alternative.

Under which decision-making condition is the decision maker unaware of all the alternatives and the risks and consequences associated with each alternative?

Compare and contrast the three types of conditions under which managers make decisions by placing them on a continuum of certainty.

When a communications president agrees to be interviewed for 60 Minutes,she can be described as having a high degree of risk propensity.

According to the text,the word best as used with respect to selecting a decision alternative relates to the ____________________ of the decision.

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed,the manager is experiencing

The key to making effective decisions under conditions of risk is to

What are the similarities and differences between the two types of decisions?

____ is the selection of the first minimally acceptable alternative.

Which of the following statements is an advantage of group decision making?

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

YouTube was operating at a loss when Google bought it.Three years later it was still operating at a loss.Google may have experienced ____.

Decision making is a part of which management function?

William invested in an initial public offering.After a month he lost 5 percent.After a year he lost 50 percent.After two years he lost 80 percent.William's decision to keep the investment is an example of

Which of the following is NOT an example of an interacting group?

The U.S.government has never faltered on its debt payments,although it came close in August,2011.Investing in treasury bills is an example of

When the space shuttle Columbia needed to reenter the atmosphere the crew knew there was damage on the outside of the aircraft.If there had been room and supplies the crew could have gone to the space station.Which criterion for evaluating a decision alternative did the space station fail to meet?

Groups that are used to develop a consensus of expert opinion without the members of the group ever meeting face to face are called ____ groups.

Managing and the Managers Job

Traditional and Contemporary Issues and Challenges

The Environment and Culture of Organizations

The Ethical and Social Environment

The Global Environment

The Multicultural Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing New Venture Formation and Entrepreneurship

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Managing Information and Information Technology

Filters

Exam 9: Managing Decision Making and Problem Solving

The best alternative is the most ____ alternative.

Under which decision-making condition is the decision maker unaware of all the alternatives and the risks and consequences associated with each alternative?

Compare and contrast the three types of conditions under which managers make decisions by placing them on a continuum of certainty.

When a communications president agrees to be interviewed for 60 Minutes,she can be described as having a high degree of risk propensity.

According to the text,the word best as used with respect to selecting a decision alternative relates to the ____________________ of the decision.

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed,the manager is experiencing

The key to making effective decisions under conditions of risk is to

What are the similarities and differences between the two types of decisions?

____ is the selection of the first minimally acceptable alternative.

Which of the following statements is an advantage of group decision making?

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

YouTube was operating at a loss when Google bought it.Three years later it was still operating at a loss.Google may have experienced ____.

Decision making is a part of which management function?

William invested in an initial public offering.After a month he lost 5 percent.After a year he lost 50 percent.After two years he lost 80 percent.William's decision to keep the investment is an example of

Which of the following is NOT an example of an interacting group?

The U.S.government has never faltered on its debt payments,although it came close in August,2011.Investing in treasury bills is an example of

When the space shuttle Columbia needed to reenter the atmosphere the crew knew there was damage on the outside of the aircraft.If there had been room and supplies the crew could have gone to the space station.Which criterion for evaluating a decision alternative did the space station fail to meet?

Groups that are used to develop a consensus of expert opinion without the members of the group ever meeting face to face are called ____ groups.

Managing and the Managers Job

Traditional and Contemporary Issues and Challenges

The Environment and Culture of Organizations

The Ethical and Social Environment

The Global Environment

The Multicultural Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing New Venture Formation and Entrepreneurship

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Managing Information and Information Technology

Filters