Question 1

Groups often take longer than individuals to make decisions.

Accepted Answer

A) True 
 B)False

Question 2

The classical model of decision making specifies how decisions should be made by managers; this is a way of saying that this model of decision making is:

Accepted Answer

A)  heuristic. 
B)  prescriptive. 
C)  incomplete. 
D)  intuitive. 
E)  satisficing. 
A)  heuristic. 
B)  prescriptive. 
C)  incomplete. 
D)  intuitive. 
E)  satisficing.

Question 3

Peter Senge has identified five principles that can be used by an organization to create "a learning organization." Discuss any three of these principles.

Accepted Answer

Peter Senge identified five principles f

Question 4

When a manager chooses an acceptable alternative instead of the optimum alternative,we say that a satisficing decision has occurred.

Accepted Answer

A) True 
 B)False

Question 5

Intrapreneurs become entrepreneurs and found companies that often compete with the companies they left.

Accepted Answer

A) True 
 B)False

Question 6

Managers can be reactive or proactive in recognizing the need for a decision.

Accepted Answer

A) True 
 B)False

Question 7

The first step in decision making that a manager needs to take is generate a set of feasible alternative courses of action in response to the opportunity or threat.

Accepted Answer

A) True 
 B)False

Question 8

The main reason for the loss of productivity in brainstorming is:

Accepted Answer

A)  complex mental models. 
B)  groupthink. 
C)  production blocking. 
D)  bounded rationality. 
E)  devil's advocacy. 
A)  complex mental models. 
B)  groupthink. 
C)  production blocking. 
D)  bounded rationality. 
E)  devil's advocacy.

Question 9

A software firm is considering introducing a new product unlike any previously on the market.Managers cannot estimate the probability of success for the new product.Which of the following best describes the situation?

Accepted Answer

A)  Risk 
B)  Uncertainty 
C)  Bounded rationality 
D)  Incomplete information 
E)  Satisficing 
A)  Risk 
B)  Uncertainty 
C)  Bounded rationality 
D)  Incomplete information 
E)  Satisficing

Question 10

Delphi technique is a written approach to creative problem solving.

Accepted Answer

A) True 
 B)False

Question 11

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence,a situation of risk occurs.

Accepted Answer

A) True 
 B)False

Question 12

When we say that managers are concerned with the legality of a decision,this is another way of saying that they are concerned with the practicality of the decision.

Accepted Answer

A) True 
 B)False

Question 13

A member of a group challenges the decision that is being made by the group in an attempt to make the group carefully consider the pros and cons of a particular alternative.We say that this member of the group is playing the role of the devil's advocate.

Accepted Answer

A) True 
 B)False

Question 14

Brainstorming is often used to avoid production blocking.

Accepted Answer

A) True 
 B)False

Question 15

Esteban,a manager,performs a financial analysis of several investment alternatives in order to determine which alternative is most likely to impact the organization's profitability.Esteban is focusing on:

Accepted Answer

A)  bounded rationality. 
B)  ethicalness. 
C)  economic feasibility. 
D)  dialectical inquiry. 
E)  legality. 
A)  bounded rationality. 
B)  ethicalness. 
C)  economic feasibility. 
D)  dialectical inquiry. 
E)  legality.

Question 16

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future,this is known as:

Accepted Answer

A)  uncertainty. 
B)  certainty. 
C)  risk. 
D)  bounded rationality. 
E)  dialectical inquiry. 
A)  uncertainty. 
B)  certainty. 
C)  risk. 
D)  bounded rationality. 
E)  dialectical inquiry.

Question 17

March and Simon's administrative model is consistent with the classical model of decision making.

Accepted Answer

A) True 
 B)False

Question 18

After one person shares an idea,the next thing that should happen in a brainstorming session is:

Accepted Answer

A)  criticism of the idea. 
B)  debate about the idea. 
C)  acceptance and implementation of the idea. 
D)  the decision regarding that idea. 
E)  the sharing of other ideas. 
A)  criticism of the idea. 
B)  debate about the idea. 
C)  acceptance and implementation of the idea. 
D)  the decision regarding that idea. 
E)  the sharing of other ideas.

Question 19

Contests and rewards signal the importance of coming up with creative ideas and encourage employees to share them.

Accepted Answer

A) True 
 B)False

Question 20

An entrepreneur is likely to have:

Accepted Answer

A)  reticence to experience. 
B)  high self-esteem. 
C)  high need for affiliation. 
D)  external locus of control. 
E)  moderate need for achievement. 
A)  reticence to experience. 
B)  high self-esteem. 
C)  high need for affiliation. 
D)  external locus of control. 
E)  moderate need for achievement.

Groups often take longer than individuals to make decisions.

The classical model of decision making specifies how decisions should be made by managers; this is a way of saying that this model of decision making is:

Peter Senge has identified five principles that can be used by an organization to create "a learning organization." Discuss any three of these principles.

When a manager chooses an acceptable alternative instead of the optimum alternative,we say that a satisficing decision has occurred.

Intrapreneurs become entrepreneurs and found companies that often compete with the companies they left.

Managers can be reactive or proactive in recognizing the need for a decision.

The first step in decision making that a manager needs to take is generate a set of feasible alternative courses of action in response to the opportunity or threat.

The main reason for the loss of productivity in brainstorming is:

A software firm is considering introducing a new product unlike any previously on the market.Managers cannot estimate the probability of success for the new product.Which of the following best describes the situation?

Delphi technique is a written approach to creative problem solving.

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence,a situation of risk occurs.

When we say that managers are concerned with the legality of a decision,this is another way of saying that they are concerned with the practicality of the decision.

A member of a group challenges the decision that is being made by the group in an attempt to make the group carefully consider the pros and cons of a particular alternative.We say that this member of the group is playing the role of the devil's advocate.

Brainstorming is often used to avoid production blocking.

Esteban,a manager,performs a financial analysis of several investment alternatives in order to determine which alternative is most likely to impact the organization's profitability.Esteban is focusing on:

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future,this is known as:

March and Simon's administrative model is consistent with the classical model of decision making.

After one person shares an idea,the next thing that should happen in a brainstorming session is:

Contests and rewards signal the importance of coming up with creative ideas and encourage employees to share them.

An entrepreneur is likely to have:

The Management Process Today

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Planning, Strategy, and Competitive Advantage

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

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Exam 5: Decision Making, Learning, Creativity, and Entrepreneurship

Groups often take longer than individuals to make decisions.

The classical model of decision making specifies how decisions should be made by managers; this is a way of saying that this model of decision making is:

Peter Senge has identified five principles that can be used by an organization to create "a learning organization." Discuss any three of these principles.

When a manager chooses an acceptable alternative instead of the optimum alternative,we say that a satisficing decision has occurred.

Intrapreneurs become entrepreneurs and found companies that often compete with the companies they left.

Managers can be reactive or proactive in recognizing the need for a decision.

The first step in decision making that a manager needs to take is generate a set of feasible alternative courses of action in response to the opportunity or threat.

The main reason for the loss of productivity in brainstorming is:

A software firm is considering introducing a new product unlike any previously on the market.Managers cannot estimate the probability of success for the new product.Which of the following best describes the situation?

Delphi technique is a written approach to creative problem solving.

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence,a situation of risk occurs.

When we say that managers are concerned with the legality of a decision,this is another way of saying that they are concerned with the practicality of the decision.

A member of a group challenges the decision that is being made by the group in an attempt to make the group carefully consider the pros and cons of a particular alternative.We say that this member of the group is playing the role of the devil's advocate.

Brainstorming is often used to avoid production blocking.

Esteban,a manager,performs a financial analysis of several investment alternatives in order to determine which alternative is most likely to impact the organization's profitability.Esteban is focusing on:

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future,this is known as:

March and Simon's administrative model is consistent with the classical model of decision making.

After one person shares an idea,the next thing that should happen in a brainstorming session is:

Contests and rewards signal the importance of coming up with creative ideas and encourage employees to share them.

An entrepreneur is likely to have:

The Management Process Today

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Planning, Strategy, and Competitive Advantage

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

Filters