Question 1

Group decisions generally feature ________ acceptance than decisions made by an individual.

Accepted Answer

A) greater 
B) less 
C) neither greater nor less 
D) more enthusiastic

Question 2

Being completely rational is a realistic goal for today's managers.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is the best definition for the word satisfice?

Accepted Answer

A) very satisfying 
B) not sufficient 
C) accepts a less than perfect solution 
D) requires a perfect solution

Question 4

To identify a problem, a manager ________.

Accepted Answer

A) compares one set of standards or goals to a second set of standards or goals 
B) looks for unhappy customers 
C) uses intuition to see that things don't look right 
D) compares the current state of affairs with some standard or goal

Question 5

A heuristic can simplify the decision-making process.

Accepted Answer

A) True 
 B)False

Question 6

Groups decisions are usually ________ individual decisions.

Accepted Answer

A) more efficient than 
B) less efficient than 
C) equal in efficiency to 
D) more efficient but less effective than

Question 7

Herbert Simon won the Nobel Prize in economics for his work in describing ________.

Accepted Answer

A) how people spend money 
B) how most people are perfectly rational 
C) how people make decisions 
D) how people avoid decisions

Question 8

Creativity is valued because it helps identify new and viable alternatives that have not previously been considered.

Accepted Answer

A) True 
 B)False

Question 9

Neural networks differ from expert systems in that they can ________.

Accepted Answer

A) draw conclusions from data 
B) ask questions to the decision maker 
C) perform sophisticated calculations 
D) learn from experience

Question 10

Group decision making typically increases the legitimacy of a decision because the decision was made ________.

Accepted Answer

A) over a long period of time 
B) democratically 
C) by experts 
D) primarily by the group leader

Question 11

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

Accepted Answer

A) more likely to make risky decisions 
B) less likely to make risky decisions 
C) less likely to make safe, conservative decisions 
D) more likely to disagree with their leaders' decisions

Question 12

Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently use or purchase an entirely new system? Sondra was confused and needed help in making the correct decision.
-Sondra has decided to collect information about the features the company needs for its system.Which stage of the decision-making process is she carrying out?

Accepted Answer

A) identify alternative solutions 
B) identify decision criteria 
C) evaluate her decision's effectiveness 
D) allocate weights to the criteria

Question 13

Maximizing value for an organization means making sure that ________.

Accepted Answer

A) the organization makes money 
B) the best interests of the organization are addressed 
C) the decision made is as rational as possible 
D) the decision is as simple as possible

Question 14

Which of the following is NOT a way to minimize groupthink?

Accepted Answer

A) give the leader more power in making decisions 
B) encourage cohesion 
C) have an impartial leader 
D) foster open discussion

Question 15

A person who satisfices fails to ________.

Accepted Answer

A) maximize his or her decision 
B) understand his or her position 
C) accept the truth of a situation 
D) make any kind of decision

Question 16

A manager chooses to ignore a rigorous decision-making process and selects TV monitor A over monitor B because he "trusts" company A more than company B.If the decision he made was rational, which of the following is true?

Accepted Answer

A) Monitor A is really the better choice. 
B) The manager should have included "trust" as a criterion. 
C) Monitor B is really the better choice. 
D) The manager must have made a mistake in calculating his weighted criteria.

Question 17

A manager is more confident of his or her assessment of a situation if it involves risk rather than uncertainty.

Accepted Answer

A) True 
 B)False

Question 18

Emotions and feelings ________ decision making.

Accepted Answer

A) often have no effect on 
B) can improve 
C) always decrease performance in 
D) are more important than facts and logic in

Question 19

In a short essay, describe how brainstorming can help avoid groupthink and enhance creativity in group decision making.

Accepted Answer

The answer of In a short essay, describe how brainstorming...

Question 20

The second step in the decision-making process is identifying a problem.

Accepted Answer

A) True 
 B)False

Exam 4: Foundations of Decision Making

Group decisions generally feature ________ acceptance than decisions made by an individual.

Being completely rational is a realistic goal for today's managers.

Which of the following is the best definition for the word satisfice?

To identify a problem, a manager ________.

A heuristic can simplify the decision-making process.

Groups decisions are usually ________ individual decisions.

Herbert Simon won the Nobel Prize in economics for his work in describing ________.

Creativity is valued because it helps identify new and viable alternatives that have not previously been considered.

Neural networks differ from expert systems in that they can ________.

Group decision making typically increases the legitimacy of a decision because the decision was made ________.

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

Maximizing value for an organization means making sure that ________.

Which of the following is NOT a way to minimize groupthink?

A person who satisfices fails to ________.

A manager chooses to ignore a rigorous decision-making process and selects TV monitor A over monitor B because he "trusts" company A more than company B.If the decision he made was rational, which of the following is true?

A manager is more confident of his or her assessment of a situation if it involves risk rather than uncertainty.

Emotions and feelings ________ decision making.

In a short essay, describe how brainstorming can help avoid groupthink and enhance creativity in group decision making.

The second step in the decision-making process is identifying a problem.