Exam 8: Managing Decision Making and Problem Solving

Special Exercises Mark whether the following decisions are programmed or nonprogrammed. -An administrative assistant renews professional publication subscriptions

Which of the following is NOT a behavioral force that influences decision making?

Match the following.You may use a response once,more than once,or not at all. -The manager's alternatives and their probabilities are not clear

The components of managerial ethics are relationships of the firm to its employees,of employees to the firm,and of the firm to other ____________________.

Match the following.You may use a response once,more than once,or not at all. -Digging a deeper hole

Compare and contrast the two types of decisions.

Match the following.You may use a response once,more than once,or not at all. -Does not meet face to face as a group

When evaluating decision alternatives,the manager should check ____________________,satisfactoriness,and probable consequences.

Decision making is perhaps the most basic and fundamental of all managerial activities.

____________________ are the most common form of decision-making group.

Herbert Simon noted that managers generally fail to make rational decisions because they are limited by their own values,skills,habits,and unconscious reflexes as well as by incomplete information.What name did Simon give this phenomenon?

Under which decision-making condition is the decision maker unaware of all the alternatives and the risks and consequences associated with each alternative?

Your assistant comes to you with the feasibility evaluation of a decision alternative.What should he be describing to you?

Zhenfu invested his savings in a bank certificate of deposit because that is where he has always put his savings,and because he is very concerned about the safety of his investment.Zhenfu knows at the end of two years he will have $52,546.73.He is operating under the decision-making condition known as risk.

Few organizational decisions are made under conditions of uncertainty.

Students in Management 101 sit in the same seat every class even though seats are not assigned.This is an example of a ____ decision.

Donald Davis has to decide what pickup trucks to buy for his extermination company employees to drive.There are eight different manufacturers and countless models from which to choose.He stops at a Dodge dealership and selects the full-sized model because he does not have much time to spend shopping and because this truck will do the job.What term Herbert Simon use to describe Davis' decision-making actions?

A manager who has a low-risk propensity would

Renee made a bad decision.She stays with it,trying to convince others it was a good decision.This is an example of

If you make a decision that does not turn out as planned Warren Buffet advises,"When you find yourself in a hole,stop digging." What behavioral influence on decision making does this advice attempt to prevent?