Question 1

Decisions that are unethical may pass one or two decision criteria,but they fail the ____ test.

Accepted Answer

A) feasibility 
B) satisfactoriness 
C) affordability 
D) consequences 
E) rationality 
A) feasibility 
B) satisfactoriness 
C) affordability 
D) consequences 
E) rationality

Question 2

Use the six steps in the rational model of decision making to show how you arrived at your decision to attend this school.(If you weren't rational,pretend that you were.)

Accepted Answer

Step 1: Identifying the Problem
The prob

Question 3

A Delphi group is not used daily because it has disadvantages.Which of the following is NOT its disadvantage?

Accepted Answer

A) Time 
B) Expense 
C) Logistics 
D) Process 
E) Expert cooperation 
A) Time 
B) Expense 
C) Logistics 
D) Process 
E) Expert cooperation

Question 4

Diaz Nesamoney is a computer scientist who founded three successful software companies.Entrepreneurs tend to have a high ____

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 5

It is important to follow up and evaluate the effectiveness of a decision to

Accepted Answer

A) ensure that the decision achieves the desired result. 
B) help eliminate satisficing. 
C) enable objective quantification of the decision. 
D) determine the feasibility of another alternative if the original decision proves ineffective. 
E) help eliminate bounded rationality. 
A) ensure that the decision achieves the desired result. 
B) help eliminate satisficing. 
C) enable objective quantification of the decision. 
D) determine the feasibility of another alternative if the original decision proves ineffective. 
E) help eliminate bounded rationality.

Question 6

____ may explain why publishers are more likely to publish a children's book by a recognizable celebrity like Katie Couric than to consider a beautifully illustrated and written book by an unknown author.

Accepted Answer

A) A need to optimize 
B) A need to control the market 
C) Synergy 
D) Bounded rationality 
E) Equifinality 
A) A need to optimize 
B) A need to control the market 
C) Synergy 
D) Bounded rationality 
E) Equifinality

Question 7

Circuit City went bankrupt because of a series of poor managerial decisions and a down turn in the economy.In retrospect,it would seem that there was too much emphasis on the group reaching a consensus decision.As a result,many decisions were made to avoid conflict.What disadvantage of group decision making does this represent?

Accepted Answer

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

Question 8

The components of managerial ethics are relationships of the firm to its employees,of employees to the firm,and of the firm to other ____________________.

Accepted Answer

The answer of The components of managerial ethics are relationships...

Question 9

Implementing the chosen alternative is most closely related to the management function of ____________________.

Accepted Answer

The answer of Implementing the chosen alternative is most closely...

Question 10

An informal alliance of individuals or groups formed to achieve a common goal is referred to as groupthink.

Accepted Answer

A) True 
 B)False

Question 11

A manager must remember that,just as behavioral processes such as politics and risk propensity affect the decisions she makes,so,too,do her ____________________.

Accepted Answer

The answer of A manager must remember that,just as behavioral...

Question 12

A manager who really wants to approach a decision rationally and logically should try to follow the steps in ____________________ decision making.

Accepted Answer

The answer of A manager who really wants to approach...

Question 13

According to bounded rationality,people's habits and skills limit their decisions.

Accepted Answer

A) True 
 B)False

Question 14

Ford announced that it planned to cut 10 percent of salaried work.The plan involved retirements,reorganization,and eliminations.Which of the following behavioral aspects is most likely to be involved in this decision?

Accepted Answer

A) Intuition 
B) Escalation of commitment 
C) Political forces 
D) Ethics 
E) Risk propensity 
A) Intuition 
B) Escalation of commitment 
C) Political forces 
D) Ethics 
E) Risk propensity

Question 15

What is the fourth step in rational decision making?

Accepted Answer

A) Identify a set of rational alternatives 
B) Evaluate the possible alternatives 
C) Select which alternative to implement 
D) Evaluate decision effectiveness 
E) Recognize and define the decision situation 
A) Identify a set of rational alternatives 
B) Evaluate the possible alternatives 
C) Select which alternative to implement 
D) Evaluate decision effectiveness 
E) Recognize and define the decision situation

Question 16

The first step in evaluating an alternative is to determine to what extent it will be affordable.

Accepted Answer

A) True 
 B)False

Question 17

Risk propensity is defined as a manager's willingness to gamble when making a decision.

Accepted Answer

A) True 
 B)False

Question 18

A disadvantage of the ____ decision-making model is that it does not use ethics.

Accepted Answer

A) behavioral 
B) classical 
C) administrative 
D) bureaucratic 
E) sequential 
A) behavioral 
B) classical 
C) administrative 
D) bureaucratic 
E) sequential

Question 19

In more and more organizations today,important decisions are made by individuals rather than by groups and teams.

Accepted Answer

A) True 
 B)False

Question 20

Everyone loved Steve's idea when he first suggested it.Upon further evaluation some challenges arose,but Steve was convinced he could make it work.When another alternative was introduced Steve clung to his approach,convinced it was the best.Steve experienced a(n)____________________.

Accepted Answer

escalation

Exam 9: Managing Decision Making and Problem Solving

Decisions that are unethical may pass one or two decision criteria,but they fail the ____ test.

Use the six steps in the rational model of decision making to show how you arrived at your decision to attend this school.(If you weren't rational,pretend that you were.)

A Delphi group is not used daily because it has disadvantages.Which of the following is NOT its disadvantage?

Diaz Nesamoney is a computer scientist who founded three successful software companies.Entrepreneurs tend to have a high ____

It is important to follow up and evaluate the effectiveness of a decision to

____ may explain why publishers are more likely to publish a children's book by a recognizable celebrity like Katie Couric than to consider a beautifully illustrated and written book by an unknown author.

The components of managerial ethics are relationships of the firm to its employees,of employees to the firm,and of the firm to other ____________________.

Implementing the chosen alternative is most closely related to the management function of ____________________.

An informal alliance of individuals or groups formed to achieve a common goal is referred to as groupthink.

A manager must remember that,just as behavioral processes such as politics and risk propensity affect the decisions she makes,so,too,do her ____________________.

A manager who really wants to approach a decision rationally and logically should try to follow the steps in ____________________ decision making.

According to bounded rationality,people's habits and skills limit their decisions.

Ford announced that it planned to cut 10 percent of salaried work.The plan involved retirements,reorganization,and eliminations.Which of the following behavioral aspects is most likely to be involved in this decision?

What is the fourth step in rational decision making?

The first step in evaluating an alternative is to determine to what extent it will be affordable.

Risk propensity is defined as a manager's willingness to gamble when making a decision.

A disadvantage of the ____ decision-making model is that it does not use ethics.

In more and more organizations today,important decisions are made by individuals rather than by groups and teams.

Everyone loved Steve's idea when he first suggested it.Upon further evaluation some challenges arose,but Steve was convinced he could make it work.When another alternative was introduced Steve clung to his approach,convinced it was the best.Steve experienced a(n)____________________.

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

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