Exam 7: Information and Decision Making

Roberto is good with electronic devices. He learns their functions fast and can operate new gadgets well. Which of the following can best describe Roberto's ability?

Rupert, who leads the design team in an automobile firm, decides not to invest in a particular technology that helps to improve the fuel efficiency of cars, as other automobile companies who had invested in similar technologies had not achieved much success. The type of decision-making error made by Rupert is known as ___.

Two of the most important situational creativity drivers are management support and organizational culture.

Alejandro is assigned the task of marketing a new experimental drug to consumers in a developing country. He is not aware of the potential side-effects of the drug. Moreover, Alejandro does not know if there is a demand for this drug in that developing country. He is unable to even assign probabilities to the likely outcomes of his marketing strategies to sell this drug. The decision-making environment of Alejandro can be referred to as a(n) ___.

When a problem is evaluated and resolved in the positive or negative context in which it is perceived, a(n) ___ occurs.

The management process of planning, organizing, leading, and controlling is ultimately driven by information.

Dr. Morales initially conducts basic medical tests for her patients. Once she examines the reports of these tests, she suggests more specific tests to the patients. She also examines all the reports in detail before suggesting any treatment. This type of problem solving in a step-by-step fashion is known as ___ thinking.

___ meets the specific information needs of managers as they make decisions on a daily basis.

Computer competency is the ability to utilize computers and information technology to locate, retrieve, evaluate, organize, and analyze information for decision making.

Explain how risk, certainty, and uncertainty influence the decisions that managers make.

A(n) ___ decision chooses the alternative that gives the absolute best solution to a problem.

___ use solutions already available from past experience to solve ___.

Problem solvers differ from problem seekers as problem solvers

Bao focuses on facts and tends to take a realistic approach to problem solving. She emphasizes analysis. She is an open communicator, is responsive to feelings, and values human relations. These characteristics show that Bao is a(n) ___.

A manager who chooses the alternative giving the absolute best solution to a problem is making an optimizing decision.

Vikram is a very successful car salesman who generates a lot of revenue for his firm. His manager is impressed with his performance and hires his younger brother as a car salesman in the firm, assuming that he will be as successful as Vikram in selling cars. However, Vikram's brother fails to live up to the expectations. The type of decision-making error made by Vikram's manager in this scenario is known as ___.

How does design thinking help in making creative decisions?

Compare and contrast the four basic types of cognitive styles. Which problem-solving style is better and can team members with different problem-solving styles impact on the decision making process?

Which of the following traits is associated with problem seekers?

A(n) ___ environment lacks complete information but offers "probabilities" of the likely outcomes for possible action alternatives.