Question 1

The term satisficing refers to the idea that people's rationality has limits.

Accepted Answer

A) True 
 B)False  False

Question 2

One component of problem recognition is defining precisely what the problem is.

Accepted Answer

A) True 
 B)False  True

Question 3

A(n)___________________________________ solicits opinions from experts who contribute individually.

Accepted Answer

Delphi group

Question 4

Zhenfu invested his savings in a bank certificate of deposit because that is where he has always put his savings,and because he is very concerned about the safety of his investment.Zhenfu knows at the end of two years he will have $52,546.73.He is operating under the decision-making condition known as risk.

Accepted Answer

A) True 
 B)False

Question 5

Ryan is trying to hire a new engineer.She has all of the qualifications he wants,with one exception.As a decision alternative,this engineer fails the test of feasibility.

Accepted Answer

A) True 
 B)False

Question 6

U.S.Steel and the United Steelworkers announced an agreement on a 3 year contract.The agreement was a(n)____________________ decision.

Accepted Answer

The answer of U.S.Steel and the United Steelworkers announced an...

Question 7

In the classical decision making model,"optimization" means

Accepted Answer

A) implementing two or more alternatives simultaneously. 
B) choosing the alternative with the best overall expected outcomes. 
C) gathering the most complete information before making the decision. 
D) reaching a satisfactory level of performance. 
E) None of these. 
A) implementing two or more alternatives simultaneously. 
B) choosing the alternative with the best overall expected outcomes. 
C) gathering the most complete information before making the decision. 
D) reaching a satisfactory level of performance. 
E) None of these.

Question 8

According to the text,the word "best" is used to select a decision alternative related to the ____________________ of the decision.

Accepted Answer

The answer of According to the text,the word "best" is...

Question 9

Choosing between alternatives is risk assessment.

Accepted Answer

A) True 
 B)False

Question 10

The administrative model of decision making assumes that managers are imperfect.This means that managers

Accepted Answer

A) are stupid. 
B) lack training and education. 
C) suffer from human biases. 
D) don't care about decision outcomes. 
E) fail to understand the decision making process. 
A) are stupid. 
B) lack training and education. 
C) suffer from human biases. 
D) don't care about decision outcomes. 
E) fail to understand the decision making process.

Question 11

As it relates to decision making,the term best alternative implies decision accuracy and efficiency.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is an advantage of group decision making when compared to individual decision making?

Accepted Answer

A) The group process is less expensive. 
B) Groupthink may occur. 
C) Compromise decisions resulting from indecisiveness may emerge. 
D) More alternatives are likely to be generated. 
E) One person may dominate the group. 
A) The group process is less expensive. 
B) Groupthink may occur. 
C) Compromise decisions resulting from indecisiveness may emerge. 
D) More alternatives are likely to be generated. 
E) One person may dominate the group.

Question 13

Which of the following is a true statement?

Accepted Answer

A) The classical model of decision making is a prescriptive model. 
B) The administrative model of decision making is a descriptive model. 
C) The classical model focuses on the real world,while the administrative model shows us the ideal world. 
D) All of these. 
E) None of these. 
A) The classical model of decision making is a prescriptive model. 
B) The administrative model of decision making is a descriptive model. 
C) The classical model focuses on the real world,while the administrative model shows us the ideal world. 
D) All of these. 
E) None of these.

Question 14

The process of choosing one alternative from among many alternatives is called

Accepted Answer

A) satisficing. 
B) problem solving. 
C) bounded rationality. 
D) decision making. 
E) None of these. 
A) satisficing. 
B) problem solving. 
C) bounded rationality. 
D) decision making. 
E) None of these.

Question 15

Tony Hayward,former CEO of BP,made statements and decisions about vacations during the oil spill that led to him stepping down as CEO.This shows he used the classical decision making model.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

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

Question 17

Which of the following is the most common form of a decision-making group?

Accepted Answer

A) Interacting 
B) Delphi 
C) Nominal 
D) Reactive 
E) Interdependent 
A) Interacting 
B) Delphi 
C) Nominal 
D) Reactive 
E) Interdependent

Question 18

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) political forces 
B) intuition 
C) escalation of commitment 
D) rationality 
E) satisficing 
A) political forces 
B) intuition 
C) escalation of commitment 
D) rationality 
E) satisficing

Question 19

The senior pastor at Princeton Alliance Church needs to select a pastor of adult ministry.This is an example of

Accepted Answer

A) decision making under uncertainty. 
B) decision making under risk. 
C) decision making under absolute certainty. 
D) decision making under unrealistic conditions. 
E) None of these. 
A) decision making under uncertainty. 
B) decision making under risk. 
C) decision making under absolute certainty. 
D) decision making under unrealistic conditions. 
E) None of these.

Question 20

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

The term satisficing refers to the idea that people's rationality has limits.

One component of problem recognition is defining precisely what the problem is.

A(n)___________________________________ solicits opinions from experts who contribute individually.

Ryan is trying to hire a new engineer.She has all of the qualifications he wants,with one exception.As a decision alternative,this engineer fails the test of feasibility.

U.S.Steel and the United Steelworkers announced an agreement on a 3 year contract.The agreement was a(n)____________________ decision.

In the classical decision making model,"optimization" means

According to the text,the word "best" is used to select a decision alternative related to the ____________________ of the decision.

Choosing between alternatives is risk assessment.

The administrative model of decision making assumes that managers are imperfect.This means that managers

As it relates to decision making,the term best alternative implies decision accuracy and efficiency.

Which of the following is an advantage of group decision making when compared to individual decision making?

Which of the following is a true statement?

The process of choosing one alternative from among many alternatives is called

Tony Hayward,former CEO of BP,made statements and decisions about vacations during the oil spill that led to him stepping down as CEO.This shows he used the classical decision making model.

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

Which of the following is the most common form of a decision-making group?

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 ____.

The senior pastor at Princeton Alliance Church needs to select a pastor of adult ministry.This is an example of

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters

Exam 4: Managing Decision Making

The term satisficing refers to the idea that people's rationality has limits.

One component of problem recognition is defining precisely what the problem is.

A(n)___________________________________ solicits opinions from experts who contribute individually.

Ryan is trying to hire a new engineer.She has all of the qualifications he wants,with one exception.As a decision alternative,this engineer fails the test of feasibility.

U.S.Steel and the United Steelworkers announced an agreement on a 3 year contract.The agreement was a(n)____________________ decision.

In the classical decision making model,"optimization" means

According to the text,the word "best" is used to select a decision alternative related to the ____________________ of the decision.

Choosing between alternatives is risk assessment.

The administrative model of decision making assumes that managers are imperfect.This means that managers

As it relates to decision making,the term best alternative implies decision accuracy and efficiency.

Which of the following is an advantage of group decision making when compared to individual decision making?

Which of the following is a true statement?

The process of choosing one alternative from among many alternatives is called

Tony Hayward,former CEO of BP,made statements and decisions about vacations during the oil spill that led to him stepping down as CEO.This shows he used the classical decision making model.

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

Which of the following is the most common form of a decision-making group?

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 ____.

The senior pastor at Princeton Alliance Church needs to select a pastor of adult ministry.This is an example of

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters