Question 1

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

Accepted Answer

A)  more likely to make risky decisions 
B)  less likely to make risky decisions 
C)  less likely to make safe, conservative decisions 
D)  more likely to disagree with their leaders' decisions 
A)  more likely to make risky decisions 
B)  less likely to make risky decisions 
C)  less likely to make safe, conservative decisions 
D)  more likely to disagree with their leaders' decisions

Question 2

A manager chooses to ignore a rigorous decision-making process and selects TV monitor A over monitor B because he "trusts" company A more than company B. If the decision he made was rational, which of the following is true?

Accepted Answer

A)  Monitor A is really the better choice. 
B)  The manager should have included "trust" as a criterion. 
C)  Monitor B is really the better choice. 
D)  The manager must have made a mistake in calculating his weighted criteria. 
A)  Monitor A is really the better choice. 
B)  The manager should have included "trust" as a criterion. 
C)  Monitor B is really the better choice. 
D)  The manager must have made a mistake in calculating his weighted criteria.

Question 3

Decisions, Decisions (Scenario)
Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently used or purchase an entirely new system? Sondra was confused and needed help in making the correct decision.
-According to the decision-making process, the first step Sondra should take is to ________.

Accepted Answer

A)  analyze alternative solutions 
B)  identify decision criteria 
C)  evaluate her decision's effectiveness 
D)  identify the problem 
A)  analyze alternative solutions 
B)  identify decision criteria 
C)  evaluate her decision's effectiveness 
D)  identify the problem

Question 4

Which three conditions do decision makers face?

Accepted Answer

A)  certainty, risk, uncertainty 
B)  certainty, uncertainty, confidence 
C)  risk, high risk, low risk 
D)  certainty, risk, high risk 
A)  certainty, risk, uncertainty 
B)  certainty, uncertainty, confidence 
C)  risk, high risk, low risk 
D)  certainty, risk, high risk

Question 5

Two major advantages of electronic meetings are anonymity and honesty.

Accepted Answer

A) True 
 B)False

Question 6

In a short essay, identify and explain the advantages and disadvantages of group decision making.

Accepted Answer

Group decisions provide more complete in

Question 7

Which of the following is NOT a factor that can increase the probability of groupthink?

Accepted Answer

A)  Influential group members dominate the discussion and the decision-making process. 
B)  Group leaders stress the importance of consensus above all other concerns. 
C)  The group has more than 40 group members. 
D)  Group leaders solicit ideas from all group members without passing judgment on their ideas. 
A)  Influential group members dominate the discussion and the decision-making process. 
B)  Group leaders stress the importance of consensus above all other concerns. 
C)  The group has more than 40 group members. 
D)  Group leaders solicit ideas from all group members without passing judgment on their ideas.

Question 8

The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately ________.

Accepted Answer

A)  determining if there is a solution to the problem 
B)  solving the problem 
C)  making a plan to solve the problem 
D)  breaking down the problem into a series of steps 
A)  determining if there is a solution to the problem 
B)  solving the problem 
C)  making a plan to solve the problem 
D)  breaking down the problem into a series of steps

Question 9

A highway speed limit is an example of a policy.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT a type of programmed decision?

Accepted Answer

A)  systematic procedure 
B)  policy 
C)  brainstorm 
D)  rule 
A)  systematic procedure 
B)  policy 
C)  brainstorm 
D)  rule

Question 11

Which of the following would be a fairly objective criterion by which a bicycle buyer could assess different bike models?

Accepted Answer

A)  handling 
B)  weight 
C)  quality of craftsmanship 
D)  style 
A)  handling 
B)  weight 
C)  quality of craftsmanship 
D)  style

Question 12

It is assumed that in most cases the decisions of all managers are limited by ________.

Accepted Answer

A)  greed and short-sightedness 
B)  having too much information 
C)  not being able to analyze all information for all alternatives 
D)  not being able to act rationally or in the best interests of their organization 
A)  greed and short-sightedness 
B)  having too much information 
C)  not being able to analyze all information for all alternatives 
D)  not being able to act rationally or in the best interests of their organization

Question 13

A top-level manager is most likely to solve problems under which condition?

Accepted Answer

A)  certainty 
B)  risk 
C)  uncertainty 
D)  high certainty 
A)  certainty 
B)  risk 
C)  uncertainty 
D)  high certainty

Question 14

The expression "throwing good money after bad" is an example of an escalation of commitment.

Accepted Answer

A) True 
 B)False

Question 15

Managers in organizations make group decisions ________.

Accepted Answer

A)  frequently 
B)  never 
C)  almost never 
D)  rarely 
A)  frequently 
B)  never 
C)  almost never 
D)  rarely

Question 16

In a condition of certainty, ________.

Accepted Answer

A)  most outcomes are known 
B)  the decision is already made 
C)  all outcomes of all alternatives are known 
D)  some alternatives are not known 
A)  most outcomes are known 
B)  the decision is already made 
C)  all outcomes of all alternatives are known 
D)  some alternatives are not known

Question 17

Which of the following is a drawback to seeking diverse views in decision making?

Accepted Answer

A)  less reliable decision 
B)  easier decision-making process 
C)  more time consuming 
D)  less time consuming 
A)  less reliable decision 
B)  easier decision-making process 
C)  more time consuming 
D)  less time consuming

Question 18

________ is a situation in which a decision maker has incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

Accepted Answer

A)  Certainty 
B)  Risk 
C)  Uncertainty 
D)  High certainty 
A)  Certainty 
B)  Risk 
C)  Uncertainty 
D)  High certainty

Question 19

Which of the following is NOT a way in which intuition guides people who are making decisions?

Accepted Answer

A)  Intuition provides ethics and values guidelines. 
B)  Intuition provides a formal analysis method. 
C)  Intuition provides experiences to draw from. 
D)  Intuition draws on knowledge, skills, and training. 
A)  Intuition provides ethics and values guidelines. 
B)  Intuition provides a formal analysis method. 
C)  Intuition provides experiences to draw from. 
D)  Intuition draws on knowledge, skills, and training.

Question 20

A football coach makes the decision to punt or not to punt on fourth down based on whether he is past his own 50-yard line. Which decision-making method does the coach use?

Accepted Answer

A)  a policy 
B)  a hunch 
C)  a procedure 
D)  a rule 
A)  a policy 
B)  a hunch 
C)  a procedure 
D)  a rule

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

A manager chooses to ignore a rigorous decision-making process and selects TV monitor A over monitor B because he "trusts" company A more than company B. If the decision he made was rational, which of the following is true?

Which three conditions do decision makers face?

Two major advantages of electronic meetings are anonymity and honesty.

In a short essay, identify and explain the advantages and disadvantages of group decision making.

Which of the following is NOT a factor that can increase the probability of groupthink?

The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately ________.

A highway speed limit is an example of a policy.

Which of the following is NOT a type of programmed decision?

Which of the following would be a fairly objective criterion by which a bicycle buyer could assess different bike models?

It is assumed that in most cases the decisions of all managers are limited by ________.

A top-level manager is most likely to solve problems under which condition?

The expression "throwing good money after bad" is an example of an escalation of commitment.

Managers in organizations make group decisions ________.

In a condition of certainty, ________.

Which of the following is a drawback to seeking diverse views in decision making?

________ is a situation in which a decision maker has incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

Which of the following is NOT a way in which intuition guides people who are making decisions?

A football coach makes the decision to punt or not to punt on fourth down based on whether he is past his own 50-yard line. Which decision-making method does the coach use?

Managers and Management

A History Module

The Management Environment

Integrative Managerial Issues

A Quantitative Module

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

A Career Module

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

A Entrepreneurship Module

Filters

Exam 5: Foundations of Decision Making

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

A manager chooses to ignore a rigorous decision-making process and selects TV monitor A over monitor B because he "trusts" company A more than company B. If the decision he made was rational, which of the following is true?

Which three conditions do decision makers face?

Two major advantages of electronic meetings are anonymity and honesty.

In a short essay, identify and explain the advantages and disadvantages of group decision making.

Which of the following is NOT a factor that can increase the probability of groupthink?

The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately ________.

A highway speed limit is an example of a policy.

Which of the following is NOT a type of programmed decision?

Which of the following would be a fairly objective criterion by which a bicycle buyer could assess different bike models?

It is assumed that in most cases the decisions of all managers are limited by ________.

A top-level manager is most likely to solve problems under which condition?

The expression "throwing good money after bad" is an example of an escalation of commitment.

Managers in organizations make group decisions ________.

In a condition of certainty, ________.

Which of the following is a drawback to seeking diverse views in decision making?

________ is a situation in which a decision maker has incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

Which of the following is NOT a way in which intuition guides people who are making decisions?

A football coach makes the decision to punt or not to punt on fourth down based on whether he is past his own 50-yard line. Which decision-making method does the coach use?

Managers and Management

A History Module

The Management Environment

Integrative Managerial Issues

A Quantitative Module

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

A Career Module

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

A Entrepreneurship Module

Filters