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

_____ is a critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented.The purpose is to identify all the reasons that might make the preferred alternative unacceptable after all.

In assessing alternatives,explain the four criteria to evaluate the pros and cons of alternative courses of action.

Kathleen,a manager,is attempting to determine whether she has both the capability and the resources to produce one of several possible new products.In the context of decision making,on which of the following criteria of alternative courses of action is Kathleen focusing?

Entrepreneurship is the same as management.

Discuss the assumptions that underlie the classical model of decision-making.

Action Co.is attempting to decide whether or not to launch a new $10 million advertising campaign for a product whose sales have been lagging well below the projected sales for the product.This represents which type of decision for the organization?

The purchasing manager for Telsa Motor Co.decides to call three suppliers of automobile windshields to ask for a bid on an order for 1,000 windshields for a new Ford car,instead of calling a hundred possible windshield suppliers for such a bid.What type of decision does this represent for the purchasing manager?

Define groupthink.Explain a technique that counteracts groupthink.

Based on the work of March and Simon's administrative model of decision making,the first step in the managerial decision-making process is to:

Economic feasibility of alternatives states that an alternative might seem economically superior to other alternatives; but if managers realize it is likely to threaten other important projects,they might decide it is not practical after all.

When the members of a group try hard to agree,even when it is done without accurately assessing the information available to the group,we say that ambiguity has occurred.

Nonroutine decisions made in response to novel situations in business are known as:

A manager considers a limited sample of the potential alternative solutions for a problem and selects one that is acceptable instead of attempting to select the optimum solution.This type of decision is called:

Dale,a manager,is assessing possible alternatives for the solution of a quality problem in his department.As Dale does so,he attempts to determine if a possible alternative will threaten other company projects.Which of the following criteria of decision-making is being implemented by Dale?

Martin,a plant foreman,asks the plant superintendent to allow him to hire an additional worker whenever overtime hours for the previous month increase by more than 25 percent.This is an example of which type of decision?

According to the administrative model,managers can never have complete information when they are trying to make a nonprogrammed decision because the complete range of decision-making alternatives is not known.

When managers decide that they have the capabilities and resources required to implement an alternative,and they are sure that the alternative will not threaten the attainment of other organizational goals,they are focusing on which of the following criteria of alternative courses of action?

Entrepreneurship encompasses all the decisions involved in planning,organizing,leading,and controlling resources.

According to Senge's concept of the learning organization,team learning is less important than individual learning when trying to increase organizational learning.

Karen,a manager,orders raw materials when the raw materials inventory reaches a certain point.This is an example of which type of decision?