Exam 13: Information and Decision-Making
Exam 1: Intro to Management240 Questions
Exam 2: Management Learning Past to Present212 Questions
Exam 3: Global Dimensions of Management177 Questions
Exam 4: Ethics, Social Responsibility and Sustainability205 Questions
Exam 5: Managing Entrepreneurship and Small Business198 Questions
Exam 6: Planning and Techniques156 Questions
Exam 7: Strategy and Strategic Management247 Questions
Exam 8: Organizational Structure and Design186 Questions
Exam 9: Innovation and Organizational Change184 Questions
Exam 10: HRM: Building a Winning Culture342 Questions
Exam 11: Leadership and Communication366 Questions
Exam 12: Individual Behaviour211 Questions
Exam 13: Information and Decision-Making206 Questions
Exam 14: Motivation270 Questions
Exam 15: Teams305 Questions
Exam 16: Control178 Questions
Exam 17: Operations and Services Management197 Questions
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__________ use the latest in information technology to collect,organize,and distribute data in such a way that they become meaningful as information.
(Multiple Choice)
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When decision makers lack complete information on action alternatives and their consequences but have some knowledge of the probabilities associated with the various outcomes,they are operating in an environment of __________.
(Multiple Choice)
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Examining the ethics of a proposed decision may result in both better decisions and the prevention of costly litigation.
(True/False)
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The first step in the decision-making process involves gathering information,processing information,and deliberating.
(True/False)
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Common mistakes in defining problems include: focusing on symptoms instead of causes,choosing the wrong problem to address,and defining the problem too broadly or too narrowly.
(True/False)
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Timeliness,quality,completeness,relevance,and understandability are characteristics of useful information.
(True/False)
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__________ is the decision-making stage at which problem-solving actions are initiated.
(Multiple Choice)
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Comparing the costs of implementing an alternative with its expected benefits is called an)__________.
(Multiple Choice)
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Problem solvers are managers who try to solve problems but only when forced to by the situation.
(True/False)
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A person who approaches problems in a rational,step-by-step,and analytical fashion is engaging in __________.
(Multiple Choice)
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Implementation is the decision making stage at which problem-solving actions are initiated.
(True/False)
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Anne manages a cupcake shop and has noticed that the cupcakes are disappearing at a faster rate than the sales reflect.She has also noticed that her newest employee,Valerie,has been disappearing for long breaks.Using her _____________________ thinking,Anne follows Valerie to the parking lot,where she sees her take out three cupcakes from a paper bag and eat them on the spot.
(Multiple Choice)
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Self-confidence means being willing to act with the conviction needed to succeed in the situations we face.
(True/False)
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A crisis is an unexpected problem that can lead to disaster if not resolved quickly and appropriately.
(True/False)
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The second step of the decision-making process will be effective when the search for alternatives is completed rapidly.
(True/False)
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According to the behavioural decision model,competent managers - even with cognitive limitations - can make perfectly rational decisions in highly ambiguous situations.
(True/False)
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__________ managers and team leaders use both individual and group decision making,employing the one that best fits the problem at hand.
(Multiple Choice)
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The text discusses creative decision making as more likely to occur when people involved have stronger creativity skill sets.Identify at least 6 of those skills listed.
(Essay)
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An)__________ is a choice among alternative possible courses of action.
(Multiple Choice)
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Organizations send public information to stakeholders and the external environment for the purpose of image building,financial reporting,and product advertising.
(True/False)
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