Question 1

When an employee comes to you with a feasibility evaluation of a decision alternative, he will give you information about how practical the alternative is for the organization.

Accepted Answer

A) True 
 B)False

Question 2

Under what conditions is it better to use group or team decisions rather than individual decisions?

Accepted Answer

The answer of Under what conditions is it better to...

Question 3

As it relates to selecting the alternative in a decision-making situation, optimization means choosing the

Accepted Answer

A)  most feasible alternative. 
B)  most satisfactory alternative. 
C)  alternative that will do the most for the overall organization, even though it does not maximize outcomes for particular parts of the organization. 
D)  alternative with the highest combined level of feasibility, satisfactoriness, and affordability. 
E)  alternative with the most affordable consequences.

Question 4

Will is evaluating a stack of resumes and eliminates any candidate that does not hold a Master's degree. Which criterion for evaluating a decision alternative do these candidates fail to meet?

Accepted Answer

A)  Feasibility 
B)  Satisfactoriness 
C)  Affordability 
D)  Consequences 
E)  Rationality

Question 5

What are the similarities and differences between the two types of decisions?

Accepted Answer

The answer of What are the similarities and differences between...

Question 6

Charles is a CEO.  He wants to hire Edward for a key position on his staff.  Charlie has already decided to relocate the headquarters to another state, but it has not been announced publicly.  He is afraid that if he tells Edward about the move, then Edward will not want the job.  Edward accepts the position and six months later the move is announced.  Which of the following behavioral aspects was most likely involved in Charles' decision not to tell Edward?

Accepted Answer

A)  Coalition 
B)  Escalation of commitment 
C)  Political forces 
D)  Ethics 
E)  Bounded rationality

Question 7

Entrepreneurs often have a hard time psychologically if they decide to sell the business because it feels like a child they created and helped grow. This is an example of

Accepted Answer

A)  optimization. 
B)  bounded rationality. 
C)  satisficing. 
D)  synergy. 
E)  escalation of commitment.

Question 8

Many decisions regarding basic operating systems and procedures and standard organizational transactions are nonprogrammed decisions.

Accepted Answer

A) True 
 B)False

Question 9

An informal alliance of individuals or groups formed to achieve a common goal is referred to as groupthink.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following decision-making models is a prescriptive model?

Accepted Answer

A)  Behavioral 
B)  Classical 
C)  Administrative 
D)  Bureaucratic 
E)  Probabilistic

Question 11

The last step of the rational decision-making process is most closely related to which function of management?

Accepted Answer

A)  Planning 
B)  Organizing 
C)  Staffing 
D)  Leading 
E)  Controlling

Question 12

Compare and contrast the two types of decisions.

Accepted Answer

The answer of Compare and contrast the two types of...

Question 13

Behavioral aspects of decisions include political forces, intuition, escalation of commitment, risk and ____________________.

Accepted Answer

The answer of Behavioral aspects of decisions include political forces,...

Question 14

Managers make decisions about problems but not opportunities.

Accepted Answer

A) True 
 B)False

Question 15

Think of a person for whom you have worked. Was he or she rational and logical?  Did he or she always put the good of the organization first?  Was the person an effective manager?  Give an example showing how this person made decisions.

Accepted Answer

The answer of Think of a person for whom you...

Question 16

Consumers looking for discounts can check prices online before they shop. This way they will choose under conditions of

Accepted Answer

A)  probability. 
B)  risk. 
C)  certainty. 
D)  rationality. 
E)  uncertainty.

Question 17

Renee made a bad decision. She stays with it, trying to convince others it was a good decision. This is an example of

Accepted Answer

A)  bounded optimization. 
B)  escalation of commitment. 
C)  programmed decision making. 
D)  strategic maximization. 
E)  intuitive rationality.

Question 18

Implementing the chosen alternative is most closely related to the management function of ____________________.

Accepted Answer

The answer of Implementing the chosen alternative is most closely...

Question 19

Airlines increased prices for last minute tickets usually purchased by corporate travelers. This was the tenth increase in one year. This is an example of a(n) ____ decision.

Accepted Answer

A)  nonprogrammed 
B)  rational 
C)  ethical 
D)  programmed 
E)  satisficing

Question 20

According to the text, the word best as used with respect to selecting a decision alternative relates to the ____________________ of the decision.

Accepted Answer

The answer of According to the text, the word best...

Exam 8: Managing Decision Making and Problem Solving

When an employee comes to you with a feasibility evaluation of a decision alternative, he will give you information about how practical the alternative is for the organization.

Under what conditions is it better to use group or team decisions rather than individual decisions?

As it relates to selecting the alternative in a decision-making situation, optimization means choosing the

Will is evaluating a stack of resumes and eliminates any candidate that does not hold a Master's degree. Which criterion for evaluating a decision alternative do these candidates fail to meet?

What are the similarities and differences between the two types of decisions?

Entrepreneurs often have a hard time psychologically if they decide to sell the business because it feels like a child they created and helped grow. This is an example of

Many decisions regarding basic operating systems and procedures and standard organizational transactions are nonprogrammed decisions.

An informal alliance of individuals or groups formed to achieve a common goal is referred to as groupthink.

Which of the following decision-making models is a prescriptive model?

The last step of the rational decision-making process is most closely related to which function of management?

Compare and contrast the two types of decisions.

Behavioral aspects of decisions include political forces, intuition, escalation of commitment, risk and ____________________.

Managers make decisions about problems but not opportunities.

Think of a person for whom you have worked. Was he or she rational and logical? Did he or she always put the good of the organization first? Was the person an effective manager? Give an example showing how this person made decisions.

Consumers looking for discounts can check prices online before they shop. This way they will choose under conditions of

Renee made a bad decision. She stays with it, trying to convince others it was a good decision. This is an example of

Implementing the chosen alternative is most closely related to the management function of ____________________.

Airlines increased prices for last minute tickets usually purchased by corporate travelers. This was the tenth increase in one year. This is an example of a(n) ____ decision.

According to the text, the word best as used with respect to selecting a decision alternative relates to the ____________________ of the decision.