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

According to March and Simon,managerial decision making is frequently more of a science than an art,especially when nonprogrammed decisions are involved.

One reason for bad decisions is that managers often fail to specify the criteria that are important in reaching a decision.

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

When a group of managers makes a decision,the probability that the decision will be implemented successfully increases.

In managerial decision-making,"rules of thumb" that are useful to managers because they simplify the decision-making process are called:

According to March and Simon,decision making is always an inherently uncertain and risky process.

Eileen,a college professor,is attempting to choose the best textbook for an upcoming course.After reviewing ten of the twenty possible choices,she runs out of time, And chooses one.What has she done?

Programmed decision making is a ______.

Based on March and Simon's Administrative Model,the last step in the managerial decision-making process is to:

Define a learning organization and list Peter Senge's five principles for creating a learning organization.

In the classical model of decision-making,the most appropriate decision given the likely future consequences to the organization is known as the ____________ decision.

A reason why information is incomplete is that much of the information managers have at their disposal is ______ information.

When a group meets face-to-face and attempts to generate a wide variety of alternatives as possible solutions to a problem without criticizing them until all of the alternatives have been presented,brainstorming has occurred.