Exam 2: Managers As Decision Makers

The ________ thinking style is characterized by a person's preference for using external data and facts and processing this information through rational,logical thinking to guide decisions and actions.

Whenever anyone praises Mark for his good performance,he has the tendency to attribute his success to his personal qualities such as his ability to thrive under pressure and his eye for detail.However,any negative performance feedback is always met with excuses such as unsupportive team members or insufficient time.This is an example of the ________.

When problems are ________,managers must rely on ________ in order to develop unique solutions.

After nearly 30 years of growth,sales at Ida's company have begun to decline.None of the managers have been able to determine the cause.Some say the entire economy is in recession; others blame a change in suppliers; still others say the work ethic among employees just isn't what it used to be.This is an example of ________.

Lila believes the global climate is changing.Every storm,every volcano eruption,every earthquake is,in her mind,evidence of this climate change.Lila has fallen victim to ________.

One of the workers in Henry's department submitted his two weeks' notice so Henry needs to hire a replacement.The HR department issued a set of instructions Henry must follow to initiate the search for candidates.In other words,there is a ________ Henry must follow.

According to the concept of bounded rationality,managers make decisions rationally,but are limited by their ability to process information.

Depending on the weather and the amount of advertising,Kyle has developed six scenarios for his summer profits from his lawn care business.His business has failed to reach his expectations in the past,so he fears the worst.Kyle will likely choose the option that ________.

Julie is keen on joining Columbia University to pursue a master's degree in economics.However,after three months of applying and waiting for an acceptance letter,she finally decides to attend NYU,which was one of her backup colleges.This is an example of ________.

Which of the following is important in effectively implementing the chosen alternative in the decision-making process?

________ are straightforward,familiar,and easily defined.

Lucas always seems to "know" exactly what to do in any given situation.At least that's what he'll tell you.But his ideas don't always work and his overall performance as scored by his supervisor isn't nearly as great as he thinks it is.Lucas is exhibiting the ________.

Which of the following is an aspect of intuition?

It is important for Diane to review the results of her decision to increase production of Model 36CKTS because ________.

Once the alternatives to solving a problem have been identified,the next step in the decision-making process is selecting one of these alternatives.

Intuitive decision making ________.

The premier of Transylvania prefers darkened rooms,flinches in bright light,and has unusually long incisors.His political opponents claim he is a vampire.This is an example of the ________.

Managers cannot possibly analyze all information on all alternatives; they tend to ________,rather than ________.

Before making a decision,Kathryn gathers as much information as she can then analyzes it to check for trends and patterns.Kathryn prefers ________.

A decision criterion defines what is important or relevant to resolving a problem.