Question 1

Individuals who pursue opportunities to address problems and needs in order to improve society and well-being, such as reducing poverty, are known as

Accepted Answer

A) social entrepreneurs. 
B) social-thinkers. 
C) ethical entrepreneurs. 
D) nominal group entrepreneurs.

Question 2

The manager of a charity asks the board of directors for permission to hire temporary help when the regular secretary goes on vacation. This is an example of which type of decision?

Accepted Answer

A) programmed 
B) groupthink 
C) nonprogrammed 
D) intuition

Question 3

You are a manager who works with managers employed in different cities. All of you are working on developing the same new product. These managers encounter problems to the ones you face. Even so, you are unable to meet face-to-face with them for any discussion. Explain two ways you can solve this problem.

Accepted Answer

The answer of You are a manager who works with...

Question 4

In assessing alternatives, explain the four criteria to evaluate the pros and cons of alternative courses of action.

Accepted Answer

The answer of In assessing alternatives, explain the four criteria...

Question 5

Go-Getter, Co., is attempting to decide whether or not to launch a new $10 million advertising campaign for a product whose sales have been lagging well below its projected sales. This represents which type of decision for the organization?

Accepted Answer

A) optimum 
B) intuitive 
C) nonprogrammed 
D) satisficing

Question 6

You are a manager in an organization that needs to advertise a product. To do this, you decide to use satisficing. Considering this, which of the following actions would you take?

Accepted Answer

A) review all the advertising media available in the area 
B) consider every advertising technique that can be used for your product 
C) select three advertising agencies to pitch a proposal 
D) ask all the advertising agencies in the area to make a pitch

Question 7

In the administrative model of decision making, when the number of possible alternatives to a decision is so large that the manager cannot possibly evaluate all of them before making a decision, which of the following has occurred?

Accepted Answer

A) satisficing 
B) bounded rationality 
C) brainstorming 
D) devil's advocacy

Question 8

When entrepreneurs believe that they are responsible for what happens to them and that their own actions determine important outcomes such as the success or failure of a new business, they have

Accepted Answer

A) an external locus of control. 
B) less openness to experience. 
C) moderate need for achievement. 
D) an internal locus of control.

Question 9

A manager considers a limited sample of the potential alternative solutions for a problem and selects one that is acceptable instead of attempting to select the optimum solution. This type of decision is called

Accepted Answer

A) programmed. 
B) intuition. 
C) certainty. 
D) satisficing.

Question 10

Anja is taking part in a brainstorming group that is supposed to think of new storylines for films for a major studio. The studio wants creative stories that are different from previously produced films, but also marketable. However, Anja soon notices that members in the group tend to rely on old storylines, especially about superheroes, that seem like "safe" bets at the box office. Additionally, when one of them proposes an idea, the others almost invariably go along with it. What should Anja do in order to effectively counteract this dynamic?

Accepted Answer

A) point out that many superhero films have recently failed at the box office and that audiences are looking for alternative stories that are not similar to video games 
B) suggest that the group include more woman and more people from different ethnic backgrounds to get different perspectives on storylines 
C) agree that superhero films are a great idea and suggesting superheroes that have not been portrayed in mainstream media for at least several years 
D) get two of the members to agree with her idea of developing a movie that combines the musical genre with the superhero genre

Question 11

A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage to the final customer is a product

Accepted Answer

A) innovator. 
B) advocate. 
C) champion. 
D) satisficer.

Question 12

Sometimes in a brainstorming session, group members cannot simultaneously make sense of all the alternatives being generated, think up additional alternatives, or remember what they were thinking. This problem is known as

Accepted Answer

A) production blocking. 
B) groupthink. 
C) nominal group problem. 
D) bounded rationality.

Question 13

To counteract groupthink on a merchandising team, a manager decides to brings in two

Accepted Answer

A) female co-workers because five of the nine current members are women. 
B) co-workers of Mexican descent because none of the current members have a Latino background. 
C) co-workers who agree with the ideas of most of the current members. 
D) male co-workers who agree with the ideas of four current female members in order to create a majority.

Question 14

Researchers have identified a six-step model that can be used by managers who are faced with an important decision. Discuss any two of these steps.

Accepted Answer

The answer of Researchers have identified a six-step model that...

Question 15

In the decision-making process, to compare what actually happened to what was expected to happen as a result of the decision is a procedure of choosing among alternatives.

Accepted Answer

A) True 
 B)False

Question 16

A sales manager wants to promote a shared vision among his staff. Considering this, which of the following would he do?

Accepted Answer

A) emphasize how using creativity can enhance the development of a learning organization 
B) have some of the sales staff try one sales method and have others try another approach 
C) encourage his sales staff to think of different methods to sell a product 
D) talk with his sales staff about the way they should all treat customers

Question 17

When a manager chooses an acceptable alternative instead of the optimum alternative, we say that a satisficing decision has occurred.

Accepted Answer

A) True 
 B)False

Question 18

Based on the work of March and Simon's administrative model of decision making, the first step in the managerial decision-making process is to

Accepted Answer

A) choose among alternatives. 
B) assess alternatives. 
C) implement the chosen alternative. 
D) recognize the need for a decision.

Question 19

Peter Senge has identified five principles that can be used by an organization to create "a learning organization." Discuss any three of these principles.

Accepted Answer

The answer of Peter Senge has identified five principles that...

Question 20

The marketing managers of Compliant, Ltd., strive so hard to agree on an important decision to launch a product that they ignore information that a similar product already exists in the market and that the barriers to entry into the market are high. This refers to which of the following decision-making processes?

Accepted Answer

A) dialectical inquiry 
B) devil's advocacy 
C) groupthink 
D) intuition

Exam 5: Decision Making, Learning, Creativity, and Entrepreneurship

Individuals who pursue opportunities to address problems and needs in order to improve society and well-being, such as reducing poverty, are known as

The manager of a charity asks the board of directors for permission to hire temporary help when the regular secretary goes on vacation. This is an example of which type of decision?

In assessing alternatives, explain the four criteria to evaluate the pros and cons of alternative courses of action.

Go-Getter, Co., is attempting to decide whether or not to launch a new $10 million advertising campaign for a product whose sales have been lagging well below its projected sales. This represents which type of decision for the organization?

You are a manager in an organization that needs to advertise a product. To do this, you decide to use satisficing. Considering this, which of the following actions would you take?

In the administrative model of decision making, when the number of possible alternatives to a decision is so large that the manager cannot possibly evaluate all of them before making a decision, which of the following has occurred?

When entrepreneurs believe that they are responsible for what happens to them and that their own actions determine important outcomes such as the success or failure of a new business, they have

A manager considers a limited sample of the potential alternative solutions for a problem and selects one that is acceptable instead of attempting to select the optimum solution. This type of decision is called

A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage to the final customer is a product

Sometimes in a brainstorming session, group members cannot simultaneously make sense of all the alternatives being generated, think up additional alternatives, or remember what they were thinking. This problem is known as

To counteract groupthink on a merchandising team, a manager decides to brings in two

Researchers have identified a six-step model that can be used by managers who are faced with an important decision. Discuss any two of these steps.

In the decision-making process, to compare what actually happened to what was expected to happen as a result of the decision is a procedure of choosing among alternatives.

A sales manager wants to promote a shared vision among his staff. Considering this, which of the following would he do?

When a manager chooses an acceptable alternative instead of the optimum alternative, we say that a satisficing decision has occurred.

Based on the work of March and Simon's administrative model of decision making, the first step in the managerial decision-making process is to

Peter Senge has identified five principles that can be used by an organization to create "a learning organization." Discuss any three of these principles.