Exam 3: Managerial Decision Making

Kai needs to hire a new landscaping service to take care of the small garden outside his dental office.He knows what tasks he wants done and how much he is willing to pay per week,and he hires the first service that agrees to his terms.Such an action is referred to as

Illusion of control,discounting the future,and framing effects are all examples of

Celeste is the manager of Classy Clutches,a store that sells designer purses.Celeste knows that the economy greatly affects her business.Therefore,she is developing alternative courses of action for each of the four possible economic outcomes that may occur over the next four to six years.In this scenario,Celeste is

Zorah,the manager of a gift shop,needs a fast solution when an employee asks for a day off during the busiest shopping week of the year.A ________ solution will be most helpful to Zorah in this situation.

List and briefly explain the six phases of the decision-making process.

________ requires searching thoroughly for a complete range of alternatives,carefully assessing each alternative,comparing one to another,and then choosing or creating the very best.

Real-time information is information that

Which of the following is the most constructive type of conflict?

Scenario D: Sunrise Health Systems has hired a consultant to help with organizational decision making.The consultant's first meeting is set up to explain to the managers of Sunrise Health Systems various models of organizational decision processes.Each of the managers seems to prefer one of the models over the others. -The chief financial officer (CFO)of Sunrise Health Systems responds most positively to the model that is the most cautious.She explains that the budget process is the easiest decision for her because she breaks it into smaller pieces and builds the decisions as she goes.Which of the following models does the CFO seem to prefer?

The ________ model of decision making occurs when people are not sure of their goals,or disagree about the goals,and likewise are unsure of or in disagreement about what to do.