Question 1

Describe how intuition,political forces,risk propensity,ethics,and escalation of commitment could impact decision making.

Accepted Answer

Intuition can impact decision making by

Question 2

At least one member of the group or team might be assigned the role of ____________________.

Accepted Answer

The answer of At least one member of the group...

Question 3

A builder in Miami started constructing homes during the "hot" real estate market,even though he knew there were a lot of speculators in the market.The market went cold,and the builder was stuck selling for very low prices.The builder demonstrated

Accepted Answer

A) bounded optimization. 
B) escalation of commitment. 
C) risk propensity. 
D) strategic maximization. 
E) intuitive rationality. 
A) bounded optimization. 
B) escalation of commitment. 
C) risk propensity. 
D) strategic maximization. 
E) intuitive rationality.

Question 4

When a student chooses to study instead of going out with friends,he is engaged in

Accepted Answer

A) problem solving. 
B) decision making. 
C) satisficing. 
D) bounded rationality. 
E) optimization. 
A) problem solving. 
B) decision making. 
C) satisficing. 
D) bounded rationality. 
E) optimization.

Question 5

When Mildred chooses to focus on a work task instead of listening to a colleague she is engaged in

Accepted Answer

A) problem solving. 
B) decision making. 
C) satisficing. 
D) bounded rationality. 
E) optimization. 
A) problem solving. 
B) decision making. 
C) satisficing. 
D) bounded rationality. 
E) optimization.

Question 6

Which of the following statements does NOT describe a characteristic of the nominal group technique?

Accepted Answer

A) Members are not free to talk to one another. 
B) Members individually write down their suggested alternatives. 
C) Alternatives are listed on a flip chart. 
D) The alternative with the most votes is the solution. 
E) Members verbally vote for their first choice. 
A) Members are not free to talk to one another. 
B) Members individually write down their suggested alternatives. 
C) Alternatives are listed on a flip chart. 
D) The alternative with the most votes is the solution. 
E) Members verbally vote for their first choice.

Question 7

A plant manager notices that overtime seems to be excessive.This will stimulate a decision.

Accepted Answer

A) True 
 B)False

Question 8

The last step of the rational decision-making process is most closely related to which function of management?

Accepted Answer

A) Planning 
B) Organizing 
C) Staffing 
D) Leading 
E) Controlling 
A) Planning 
B) Organizing 
C) Staffing 
D) Leading 
E) Controlling

Question 9

You have recently been hired to manage the international marketing division of a large company.Your first job will be to revamp the marketing campaigns for three different products that your firm markets internationally.You feel that you need input from a variety of people to accomplish your goal,so you have decided to use groups.Briefly describe the group decision-making technique(s)you plan to use to accomplish your goal.

Accepted Answer

Any of the three alternatives mentioned

Question 10

Olga is house hunting in a "hot" market.Some homes sell within hours of listing.Olga finds one that meets her minimum criteria and immediately makes an offer.This is an example of

Accepted Answer

A) satisficing. 
B) equifinality. 
C) bounded efficiency. 
D) optimization. 
E) nominal decision making. 
A) satisficing. 
B) equifinality. 
C) bounded efficiency. 
D) optimization. 
E) nominal decision making.

Question 11

A decision maker's staying with a decision even when it appears to be wrong is called risk propensity.

Accepted Answer

A) True 
 B)False

Question 12

____ is the act of choosing one alternative from many.

Accepted Answer

A) Decision making 
B) Problem solving 
C) Risk assessment 
D) Programmed decision making 
E) Certainty evaluation 
A) Decision making 
B) Problem solving 
C) Risk assessment 
D) Programmed decision making 
E) Certainty evaluation

Question 13

Which of the following disadvantages of group decisions typically results from the group being very cohesive?

Accepted Answer

A) Coalitions 
B) Irrationality 
C) Compromise 
D) Groupthink 
E) Dominance 
A) Coalitions 
B) Irrationality 
C) Compromise 
D) Groupthink 
E) Dominance

Question 14

Maria knows that the payoffs associated with her decision alternatives will be affected by the interest rate announced at Tuesday's Federal Reserve board meeting.She calculates there is a 70 percent chance that the interest rate will rise and a 30 percent chance that it will stay the same.Maria is operating under the decision-making condition known as ____________________.

Accepted Answer

The answer of Maria knows that the payoffs associated with...

Question 15

Existing groups or teams can be ad hoc committees,task forces,or newly constituted work teams.

Accepted Answer

A) True 
 B)False

Question 16

The stimulus for a decision may be positive or negative.

Accepted Answer

A) True 
 B)False

Question 17

The decision by American Airlines to sell off its American Eagle regional carrier was a(n)____________________ decision.

Accepted Answer

The answer of The decision by American Airlines to sell...

Question 18

When the bell rings at a firehouse,the firefighters make programmed decisions.

Accepted Answer

A) True 
 B)False

Question 19

Donald Davis has to decide what make and model of pickup trucks to buy for his extermination company employees to drive.There are eight different manufacturers and countless models from which to choose.He also plans to buy a pickup for himself later on.He checks out the Dodge models and selects the Dodge full-sized model because he does not have much time to spend on the problem and because it will do the job.What would Herbert Simon call what Davis has just done?

Accepted Answer

A) Decision framing 
B) Satisficing 
C) Escalation of commitment 
D) Innovation 
E) Bounded rationality 
A) Decision framing 
B) Satisficing 
C) Escalation of commitment 
D) Innovation 
E) Bounded rationality

Question 20

Which of the following decision-making models is a prescriptive model?

Accepted Answer

A) Behavioral 
B) Classical 
C) Administrative 
D) Bureaucratic 
E) Probabilistic 
A) Behavioral 
B) Classical 
C) Administrative 
D) Bureaucratic 
E) Probabilistic

Describe how intuition,political forces,risk propensity,ethics,and escalation of commitment could impact decision making.

At least one member of the group or team might be assigned the role of ____________________.

A builder in Miami started constructing homes during the "hot" real estate market,even though he knew there were a lot of speculators in the market.The market went cold,and the builder was stuck selling for very low prices.The builder demonstrated

When a student chooses to study instead of going out with friends,he is engaged in

When Mildred chooses to focus on a work task instead of listening to a colleague she is engaged in

Which of the following statements does NOT describe a characteristic of the nominal group technique?

A plant manager notices that overtime seems to be excessive.This will stimulate a decision.

The last step of the rational decision-making process is most closely related to which function of management?

Olga is house hunting in a "hot" market.Some homes sell within hours of listing.Olga finds one that meets her minimum criteria and immediately makes an offer.This is an example of

A decision maker's staying with a decision even when it appears to be wrong is called risk propensity.

____ is the act of choosing one alternative from many.

Which of the following disadvantages of group decisions typically results from the group being very cohesive?

Existing groups or teams can be ad hoc committees,task forces,or newly constituted work teams.

The stimulus for a decision may be positive or negative.

The decision by American Airlines to sell off its American Eagle regional carrier was a(n)____________________ decision.

When the bell rings at a firehouse,the firefighters make programmed decisions.

Which of the following decision-making models is a prescriptive model?

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

Describe how intuition,political forces,risk propensity,ethics,and escalation of commitment could impact decision making.

At least one member of the group or team might be assigned the role of ____________________.

A builder in Miami started constructing homes during the "hot" real estate market,even though he knew there were a lot of speculators in the market.The market went cold,and the builder was stuck selling for very low prices.The builder demonstrated

When a student chooses to study instead of going out with friends,he is engaged in

When Mildred chooses to focus on a work task instead of listening to a colleague she is engaged in

Which of the following statements does NOT describe a characteristic of the nominal group technique?

A plant manager notices that overtime seems to be excessive.This will stimulate a decision.

The last step of the rational decision-making process is most closely related to which function of management?

Olga is house hunting in a "hot" market.Some homes sell within hours of listing.Olga finds one that meets her minimum criteria and immediately makes an offer.This is an example of

A decision maker's staying with a decision even when it appears to be wrong is called risk propensity.

____ is the act of choosing one alternative from many.

Which of the following disadvantages of group decisions typically results from the group being very cohesive?

Existing groups or teams can be ad hoc committees,task forces,or newly constituted work teams.

The stimulus for a decision may be positive or negative.

The decision by American Airlines to sell off its American Eagle regional carrier was a(n)____________________ decision.

When the bell rings at a firehouse,the firefighters make programmed decisions.

Which of the following decision-making models is a prescriptive model?

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