Exam 7: Decision Making,learning,creativity,and Entrepreneurship

Dialectical inquiry is easier to use than devil's advocacy to blunt the effects of groupthink in group decision making.

Differentiate between "management" and "entrepreneurship".Why do entrepreneurs often have difficulty in managing?

The tendency of managers to ignore critical information is not as serious as the existence of incomplete information.

With sales lagging due to the poor economic conditions,Abby,the manager of Photography by Abby,has decided to launch a large scale advertising campaign to promote her services.This represents which type of decision for the organization?

Paramount Kitchen Countertops decides to ask three advertising agencies to pitch a proposal to handle the organization's business,instead of asking all of the advertising agencies in the city where this organization's headquarters are located to pitch the account.What type of decision does this represent?

WashUrCar,which operates five car washes,is attempting to decide whether or not it should purchase a new type of drying equipment.This represents which type of decision for the organization?

In the real world,managers must rely on their intuition and judgment to make what seems to them to be the best decision in the face of uncertainty and ambiguity.

Barbara,a school superintendent,asks the local school board for permission to hire an additional teacher whenever the student enrollment at a certain grade level within a school increases by 35 students beyond capacity.This is an example of which type of decision?

Discuss the four sources of bias that can adversely affect the way managers make decisions.

When Jerry,a purchasing agent,was looking for ice cream suppliers for JT' Frozen Treats,he got bids from the top two dairies in the area as opposed to all the available suppliers.What type of a decision does he have to make?

Which of the following is NOT an advantage of group decision making?

A pattern of faulty and biased decision making that occurs in groups whose members strive for agreement among themselves at the expense of accurately assessing information relevant to a decision is called:

Jordan,the manager of JT's Tasty Treats,is trying to decide whether to introduce a new frozen dessert that has never been sold previously.This represents which type of decision for Jordan?

The higher the level of entrepreneurship in a firm,the higher will be the level of learning and innovation.

Corey has been looking at several alternative locations for his new facility location.Corey performs a cost-benefit analysis of several alternative locations in order to determine the net financial payoff of each location.On which criterion for decision-making is Corey focusing?

Scott has found information that is counter to the evidence supporting the point-of-view of the production team.However,Scott has decided to ignore the evidence in support of the team's decision.Scott has fallen victim to:

The likelihood of a manager making an error in judgment is much greater in programmed decision-making than in nonprogrammed decision-making.

Discuss the premise of the classical model of decision-making.

The first step in the decision-making process is to recognize the need for a decision.

Nonprogrammed decision making is a routine,virtually automatic process.