Question 1

According to March and Simon,managerial decision making is frequently more of a science than an art,especially when nonprogrammed decisions are involved.

Accepted Answer

A) True 
 B)False

Question 2

One reason for bad decisions is that managers often fail to specify the criteria that are important in reaching a decision.

Accepted Answer

A) True 
 B)False

Question 3

The purchasing manager for Ford Motor Co.decides to call three suppliers of automobile windshields to ask for bids on an order for windshields for a new Ford car,instead of calling fifty possible windshield suppliers for such a bid.What type of decision does this represent for the purchasing manager?

Accepted Answer

A) Nonprogrammed 
B) Illusion of control 
C) Certainty 
D) Programmed 
E) Satisficing

Question 4

When a group of managers makes a decision,the probability that the decision will be implemented successfully increases.

Accepted Answer

A) True 
 B)False

Question 5

In managerial decision-making,"rules of thumb" that are useful to managers because they simplify the decision-making process are called:

Accepted Answer

A) Dialectical inquires 
B) Decision biases 
C) Heuristics 
D) NGT's 
E) Delphi's

Question 6

According to March and Simon,decision making is always an inherently uncertain and risky process.

Accepted Answer

A) True 
 B)False

Question 7

Eileen,a college professor,is attempting to choose the best textbook for an upcoming course.After reviewing ten of the twenty possible choices,she runs out of time,
And chooses one.What has she done?

Accepted Answer

A) Optimized 
B) Brainstormed 
C) Bounded her rationality 
D) Satisficed 
E) Used devil's advocacy

Question 8

Programmed decision making is a ______.

Accepted Answer

A) Novel 
B) Routine 
C) Intuitive 
D) Unusual 
E) Nonroutine

Question 9

Based on March and Simon's Administrative Model,the last step in the managerial decision-making process is to:

Accepted Answer

A) Generate alternatives 
B) Learn from feedback 
C) Recognize the need for a decision 
D) Implement the chosen alternative 
E) Choose among alternatives

Question 10

Define a learning organization and list Peter Senge's five principles for creating a learning organization.

Accepted Answer

The answer of Define a learning organization and list Peter...

Question 11

In the classical model of decision-making,the most appropriate decision given the likely future consequences to the organization is known as the ____________ decision.

Accepted Answer

A) Intuitive 
B) Creative 
C) Heuristic 
D) Obvious 
E) Optimum

Question 12

A reason why information is incomplete is that much of the information managers have at their disposal is ______ information.

Accepted Answer

A) Ambiguous 
B) Complicated 
C) Specific 
D) Heuristic 
E) Satisficed

Question 13

When a group meets face-to-face and attempts to generate a wide variety of alternatives as possible solutions to a problem without criticizing them until all of the alternatives have been presented,brainstorming has occurred.

Accepted Answer

A) True 
 B)False

Exam 7: Decision Making,learning,creativity,and Entrepreneurship

According to March and Simon,managerial decision making is frequently more of a science than an art,especially when nonprogrammed decisions are involved.

One reason for bad decisions is that managers often fail to specify the criteria that are important in reaching a decision.

When a group of managers makes a decision,the probability that the decision will be implemented successfully increases.

In managerial decision-making,"rules of thumb" that are useful to managers because they simplify the decision-making process are called:

According to March and Simon,decision making is always an inherently uncertain and risky process.

Eileen,a college professor,is attempting to choose the best textbook for an upcoming course.After reviewing ten of the twenty possible choices,she runs out of time, And chooses one.What has she done?

Programmed decision making is a ______.

Based on March and Simon's Administrative Model,the last step in the managerial decision-making process is to:

Define a learning organization and list Peter Senge's five principles for creating a learning organization.

In the classical model of decision-making,the most appropriate decision given the likely future consequences to the organization is known as the ____________ decision.

A reason why information is incomplete is that much of the information managers have at their disposal is ______ information.

When a group meets face-to-face and attempts to generate a wide variety of alternatives as possible solutions to a problem without criticizing them until all of the alternatives have been presented,brainstorming has occurred.