Question 1

Decision making in Japan focuses on short-term results,compared with long-term views of managers in Australia.

Accepted Answer

A) True 
 B)False

Question 2

A synonym for the word 'satisfice' is maximise.

Accepted Answer

A) True 
 B)False

Question 3

In a short essay,discuss the differences among a procedure,a rule and a policy.Include specific examples of each to support your answer.

Accepted Answer

A procedure is a series of sequential st

Question 4

Which of the following defines a problem in the decision-making process?

Accepted Answer

A) A discrepancy between the ideal and the practical. 
B) A hindsight bias has been identified. 
C) A discrepancy between what exists and what the decision-maker desires to exist. 
D) When 'rules of thumb' are not used. 
A) A discrepancy between the ideal and the practical. 
B) A hindsight bias has been identified. 
C) A discrepancy between what exists and what the decision-maker desires to exist. 
D) When 'rules of thumb' are not used.

Question 5

In a condition of certainty,________.

Accepted Answer

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

Question 6

Mid-level managers in a country with low uncertainty avoidance are ________ than managers from a high uncertainty avoidance country.

Accepted Answer

A) less likely to make risky decisions 
B) more likely to avoid making decisions 
C) less likely to make foolish decisions 
D) more likely to make risky decisions 
A) less likely to make risky decisions 
B) more likely to avoid making decisions 
C) less likely to make foolish decisions 
D) more likely to make risky decisions

Question 7

Rational decision making is logical,consistent,and aims for the best outcome.

Accepted Answer

A) True 
 B)False

Decision making in Japan focuses on short-term results,compared with long-term views of managers in Australia.

A synonym for the word 'satisfice' is maximise.

In a short essay,discuss the differences among a procedure,a rule and a policy.Include specific examples of each to support your answer.

Which of the following defines a problem in the decision-making process?

In a condition of certainty,________.

Mid-level managers in a country with low uncertainty avoidance are ________ than managers from a high uncertainty avoidance country.

Rational decision making is logical,consistent,and aims for the best outcome.

Managers and Management

The Managerial Environment

Foundations of Planning

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters

Exam 3: Foundations of Decision Making

Decision making in Japan focuses on short-term results,compared with long-term views of managers in Australia.

A synonym for the word 'satisfice' is maximise.

In a short essay,discuss the differences among a procedure,a rule and a policy.Include specific examples of each to support your answer.

Which of the following defines a problem in the decision-making process?

In a condition of certainty,________.

Mid-level managers in a country with low uncertainty avoidance are ________ than managers from a high uncertainty avoidance country.

Rational decision making is logical,consistent,and aims for the best outcome.

Managers and Management

The Managerial Environment

Foundations of Planning

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters