Exam 13: Information and Decision-Making

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Managers who ignore information that would otherwise signal the presence of a problem are problem deniers.

(True/False)
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Eric needed a new refrigerator.Before making a purchase,he did his research and found out what the pricing was at three different stores for the fridge he wanted to buy.Eric is operating under what type of decision-making condition?

(Multiple Choice)
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An unexpected problem that can lead to disaster if not resolved quickly and appropriately is known as __________.

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Terrorism in the post-9/11 world,ethical scandals,outbreaks of workplace violence,information technology failures,and man-made environmental disasters are all examples of __________ problems that managers sometimes face.

(Multiple Choice)
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The potential disadvantages of group decision making include: greater amounts of information,knowledge,and expertise are available to solve problems;more action alternatives are examined;and understanding and acceptance of outcomes by members is increased.

(True/False)
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As a result of the growth of management information systems,more managers are needed to coordinate the flow,sharing and processing of information.

(True/False)
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Josephine has just been given the assignment of developing the Sales and Marketing strategy for the company's new product line to be released in December.What type of decision-making will be required of Josephine?

(Multiple Choice)
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In the context of individual and group decision making,the "right" decision method is the one that __________.

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The behavioural decision model describes decision making with complete information,where the manager faces a clearly defined problem and knows all possible action alternatives as well as their consequences.

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After purchasing new computers for his department,Joseph is now comparing the performance of the new computers to the computers they replaced.Which stage of the decision-making process is he carrying out?

(Multiple Choice)
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The __________ describes decision making where people are assumed to act only in terms of what they perceive about a given situation.

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A performance deficiency occurs when an actual situation turns out either better than anticipated or offers the potential to be better than anticipated.

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Intuitive thinkers are likely to do all of the following EXCEPT:

(Multiple Choice)
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Problem solving and decision making are dependent on quality __________ being available to the right people at the right time.

(Multiple Choice)
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Managers should use __________ in high uncertainty situations where limited facts and few decision precedents exist.

(Multiple Choice)
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Which of the following does NOT accurately describe the evaluation of results in the decision-making process?

(Multiple Choice)
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Apply the steps in the decision-making process to a decision that you have made or are in the process of making.By applying this model to your own decision situation,what insights do you gain regarding how effective you are as a decision maker?

(Essay)
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The third step of the decision-making process involves selecting a preferred course of action.

(True/False)
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A person who approaches problems in a rational,step-by-step,and analytical fashion is engaging in systematic thinking.

(True/False)
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The four cognitive styles are sensation thinkers,intuitive thinkers,intuitive feelers,and systematic feelers.

(True/False)
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