Exam 7: Individual and Group Decision Making: How Managers Make Things Happen

A disadvantage of group-aided decision making is that groups tend to suppress an individual's intellectual stimulation and creativity.

Carla heard from a client that a product similar to a popular one at her retail store was now at Walmart, imported from China, and costing just over half of her sales price.But Carla isn't really worried because she believes in her customers' loyalty, so she has no plans to make changes.Carla is practicing

The concept of "bounded rationality" is most closely related to the _________ model of decision making.

Which of the following responses to a challenge would be considered most like satisficing?

Describe participative management, and give at least four factors that help make participative management work.

Which of the following is NOT a reason why it is hard to bring the best evidence to bear on your decisions?

Amanda was asked by her boss to create a handbook for new hires because several employees had recently complained, saying they felt lost when they first started because procedures didn't seem to be formalized.Amanda herself had not felt that way, perhaps because she has a

Research on the effects of participative management (PM) on employees' performance and satisfaction indicates that

Groups make better decisions than most individuals acting alone.

A cost-benefit matrix is a graph of decisions and their possible consequences and is used to create a plan to reach a goal.

You can increase your ability to influence others by being aware of decision-making styles.

Intuition based on feelings rather than expertise, or the involuntary emotional response to those feelings, is known as automated experience.

When evaluating a solution in decision making, answering yes to which of the following questions should cause you to reconsider choosing it?

In time-critical situations, satisficing may be a good approach to decision making.

The incremental model of decision making suggests that managers make decisions by

One problem with the incremental model is that temporary steps may actually impede a beneficial long-term solution.

Meg hired a great candidate from UCLA who has a big career ahead, and every year since Meg insists on going on a recruiting visit to that campus.Meg is convinced that hiring from UCLA in the future will produce the same level of success.This is an example of a(n)

Yichao, a manager of a downtown hair salon, has been procrastinating about a problem.Over the past year, his company has seen a high rate of customer defections, and even the loss of some of its best stylists.Still, he hasn't even begun to investigate the issue.This is an indicator of relaxed avoidance.

Satisficing occurs when a manager takes small, short-term steps to alleviate a problem.

Which of the following is NOT one of the suggestions for decision making recommended by management consultant Odette Pollar?