Question 1

Which of the following statements BEST describes bounded rationality?

Accepted Answer

A)  Decision makers are limited by having incomplete information as well as by their values,unconscious reflexes,skills,and habits. 
B)  Decision makers have complete information regarding the situation and all possible alternatives. 
C)  Decision makers will be able to fully anticipate the consequences of each available alternative because these consequences define the boundary. 
D)  People tend to be rational decision makers,and this fact bounds the creativeness and effectiveness of decisions. 
E)  Alternative permutations make it imperative for rational decision makers to create a bounded number of evoked alternatives. 
A)  Decision makers are limited by having incomplete information as well as by their values,unconscious reflexes,skills,and habits. 
B)  Decision makers have complete information regarding the situation and all possible alternatives. 
C)  Decision makers will be able to fully anticipate the consequences of each available alternative because these consequences define the boundary. 
D)  People tend to be rational decision makers,and this fact bounds the creativeness and effectiveness of decisions. 
E)  Alternative permutations make it imperative for rational decision makers to create a bounded number of evoked alternatives.

Question 2

Special Exercises
Mark whether the following decisions are programmed or nonprogrammed.
-When grant requests arrive at the Foundation,they are automatically sent into a screening process

Accepted Answer

A) Programmed decision 
B) Nonprogrammed decision 
A) Programmed decision 
B) Nonprogrammed decision

Question 3

YouTube was operating at a loss when Google bought it.Three years later it was still operating at a loss.Google may have experienced ____.

Accepted Answer

A)  intuition 
B)  escalation of commitment 
C)  empathy 
D)  risk propensity 
E)  political forces 
A)  intuition 
B)  escalation of commitment 
C)  empathy 
D)  risk propensity 
E)  political forces

Question 4

Airlines increased prices for last minute tickets usually purchased by corporate travelers.This was the tenth increase in one year.This is an example of a(n)____ decision.

Accepted Answer

A)  nonprogrammed 
B)  rational 
C)  ethical 
D)  programmed 
E)  satisficing 
A)  nonprogrammed 
B)  rational 
C)  ethical 
D)  programmed 
E)  satisficing

Question 5

Under what conditions is it better to use group or team decisions rather than individual decisions?

Accepted Answer

Group or team decisions are often prefer

Question 6

When Canine Companions for Independence trainers teach a dog to be a service dog they start from a basic training approach.Dogs communicate through body language that the trainer knows.The trainer routinely makes ____ decisions.

Accepted Answer

A)  nonprogrammed 
B)  rational 
C)  ethical 
D)  programmed 
E)  satisficing 
A)  nonprogrammed 
B)  rational 
C)  ethical 
D)  programmed 
E)  satisficing

Question 7

The best alternative is the most ____ alternative.

Accepted Answer

A)  efficient 
B)  controllable 
C)  profitable 
D)  effective 
E)  valid 
A)  efficient 
B)  controllable 
C)  profitable 
D)  effective 
E)  valid

Question 8

Greece was on the verge of defaulting on its debt.It decided to dock a month's pay from all elected officials as part of austerity measures.This is an example of decision making

Accepted Answer

A)  with bounded rationality. 
B)  under risk. 
C)  under uncertainty. 
D)  with a satisficing result. 
E)  under certainty. 
A)  with bounded rationality. 
B)  under risk. 
C)  under uncertainty. 
D)  with a satisficing result. 
E)  under certainty.

Question 9

Many decisions regarding basic operating systems and procedures and standard organizational transactions are nonprogrammed decisions.

Accepted Answer

A) True 
 B)False

Question 10

Each component of managerial ethics involves a wide variety of decisions,all of which are likely to have an ethical component.

Accepted Answer

A) True 
 B)False

Question 11

When a communications president agrees to be interviewed for 60 Minutes,she can be described as having a high degree of risk propensity.

Accepted Answer

A) True 
 B)False

Question 12

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed,the manager is experiencing

Accepted Answer

A)  decision making under risk. 
B)  satisficing. 
C)  bounded rationality. 
D)  decision making under certainty. 
E)  decision making under uncertainty. 
A)  decision making under risk. 
B)  satisficing. 
C)  bounded rationality. 
D)  decision making under certainty. 
E)  decision making under uncertainty.

Question 13

Bounded rationality is a concept suggesting that decision makers are limited by their ____________________,unconscious reflexes,skills and habits.

Accepted Answer

The answer of Bounded rationality is a concept suggesting that...

Question 14

Values are an innate belief about something without conscious consideration.

Accepted Answer

A) True 
 B)False

Question 15

Everyone loved Steve's idea when he first suggested it.Upon further evaluation some challenges arose,but Steve was convinced he could make it work.When another alternative was introduced Steve clung to his approach,convinced it was the best.Steve experienced a(n)____________________.

Accepted Answer

escalation

Question 16

____ is the act of choosing one alternative from many.

Accepted Answer

A)  Decision making 
B)  Problem solving 
C)  Risk assessment 
D)  Programmed decision making 
E)  Certainty evaluation 
A)  Decision making 
B)  Problem solving 
C)  Risk assessment 
D)  Programmed decision making 
E)  Certainty evaluation

Question 17

Match the following.You may use a response once,more than once,or not at all.
-Office politics

Accepted Answer

A) Coalition 
B) Intuition 
C) Escalation of commitment 
D) Risk propensity 
E) Ethics 
A) Coalition 
B) Intuition 
C) Escalation of commitment 
D) Risk propensity 
E) Ethics

Question 18

The classical decision model is more likely to be used in a research lab than in management.

Accepted Answer

A) True 
 B)False

Question 19

The stimulus for a decision may be positive or negative.

Accepted Answer

A) True 
 B)False

Question 20

Ben is planning a ground-breaking ceremony for the company's new headquarters in Charlotte,North Carolina.He has a limited budget.If he rents air-conditioned tents,he will go over budget.He thinks he could ask one of the business units to cover the expense.If everyone is sweating through their suits while they eat at the reception,the day might be a failure,even if everything else runs smoothly.Ben is at which step in rational decision making?

Accepted Answer

A)  Identify a set of rational alternatives 
B)  Evaluate the possible alternatives 
C)  Select which alternative to implement 
D)  Evaluate decision effectiveness 
E)  Recognize and define the decision situation 
A)  Identify a set of rational alternatives 
B)  Evaluate the possible alternatives 
C)  Select which alternative to implement 
D)  Evaluate decision effectiveness 
E)  Recognize and define the decision situation

Which of the following statements BEST describes bounded rationality?

Special Exercises Mark whether the following decisions are programmed or nonprogrammed. -When grant requests arrive at the Foundation,they are automatically sent into a screening process

YouTube was operating at a loss when Google bought it.Three years later it was still operating at a loss.Google may have experienced ____.

Airlines increased prices for last minute tickets usually purchased by corporate travelers.This was the tenth increase in one year.This is an example of a(n)____ decision.

Under what conditions is it better to use group or team decisions rather than individual decisions?

When Canine Companions for Independence trainers teach a dog to be a service dog they start from a basic training approach.Dogs communicate through body language that the trainer knows.The trainer routinely makes ____ decisions.

The best alternative is the most ____ alternative.

Greece was on the verge of defaulting on its debt.It decided to dock a month's pay from all elected officials as part of austerity measures.This is an example of decision making

Many decisions regarding basic operating systems and procedures and standard organizational transactions are nonprogrammed decisions.

Each component of managerial ethics involves a wide variety of decisions,all of which are likely to have an ethical component.

When a communications president agrees to be interviewed for 60 Minutes,she can be described as having a high degree of risk propensity.

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed,the manager is experiencing

Bounded rationality is a concept suggesting that decision makers are limited by their ____________________,unconscious reflexes,skills and habits.

Values are an innate belief about something without conscious consideration.

Everyone loved Steve's idea when he first suggested it.Upon further evaluation some challenges arose,but Steve was convinced he could make it work.When another alternative was introduced Steve clung to his approach,convinced it was the best.Steve experienced a(n)____________________.

____ is the act of choosing one alternative from many.

Match the following.You may use a response once,more than once,or not at all. -Office politics

The classical decision model is more likely to be used in a research lab than in management.

The stimulus for a decision may be positive or negative.

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters

Exam 8: Managing Decision Making and Problem Solving

Which of the following statements BEST describes bounded rationality?

Special Exercises Mark whether the following decisions are programmed or nonprogrammed. -When grant requests arrive at the Foundation,they are automatically sent into a screening process

YouTube was operating at a loss when Google bought it.Three years later it was still operating at a loss.Google may have experienced ____.

Airlines increased prices for last minute tickets usually purchased by corporate travelers.This was the tenth increase in one year.This is an example of a(n)____ decision.

Under what conditions is it better to use group or team decisions rather than individual decisions?

When Canine Companions for Independence trainers teach a dog to be a service dog they start from a basic training approach.Dogs communicate through body language that the trainer knows.The trainer routinely makes ____ decisions.

The best alternative is the most ____ alternative.

Greece was on the verge of defaulting on its debt.It decided to dock a month's pay from all elected officials as part of austerity measures.This is an example of decision making

Many decisions regarding basic operating systems and procedures and standard organizational transactions are nonprogrammed decisions.

Each component of managerial ethics involves a wide variety of decisions,all of which are likely to have an ethical component.

When a communications president agrees to be interviewed for 60 Minutes,she can be described as having a high degree of risk propensity.

When the manager knows what the alternatives are and the probabilities associated with each alternative are guaranteed,the manager is experiencing

Bounded rationality is a concept suggesting that decision makers are limited by their ____________________,unconscious reflexes,skills and habits.

Values are an innate belief about something without conscious consideration.

Everyone loved Steve's idea when he first suggested it.Upon further evaluation some challenges arose,but Steve was convinced he could make it work.When another alternative was introduced Steve clung to his approach,convinced it was the best.Steve experienced a(n)____________________.

____ is the act of choosing one alternative from many.

Match the following.You may use a response once,more than once,or not at all. -Office politics

The classical decision model is more likely to be used in a research lab than in management.

The stimulus for a decision may be positive or negative.

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters