Question 1

The bandwagon effect,a common decision-making bias,is ________.

Accepted Answer

A) the characteristic of an individual who prefers to avoid losses rather than acquire gains 
B) the tendency to believe certain outcomes because others believe the same 
C) the tendency to believe that our forecasts for future events are better than they truly are 
D) the tendency to search for information that supports one's preconceived beliefs 
E) an individual's tendency to believe that he/she is less susceptible to risky events 
A) the characteristic of an individual who prefers to avoid losses rather than acquire gains 
B) the tendency to believe certain outcomes because others believe the same 
C) the tendency to believe that our forecasts for future events are better than they truly are 
D) the tendency to search for information that supports one's preconceived beliefs 
E) an individual's tendency to believe that he/she is less susceptible to risky events

Question 2

In the decision-making process,it is important to accurately identify an existing problem prior to listing the possible alternatives for solving the problem.

Accepted Answer

A) True 
 B)False

Question 3

Decisions which are made through consensus usually take less time than those made by a single individual.

Accepted Answer

A) True 
 B)False

Question 4

The more ________ and less ________ involved,the more confidence managers tend to have in their decision making.

Accepted Answer

A) certainty;time 
B) risk;certainty 
C) risk;uncertainty 
D) uncertainty;risk 
E) certainty;risk 
A) certainty;time 
B) risk;certainty 
C) risk;uncertainty 
D) uncertainty;risk 
E) certainty;risk

Question 5

Ideal decision makers ________.

Accepted Answer

A) preserve the status quo 
B) allow others to make decisions for them 
C) accept little outside help in making decisions 
D) are characterized by reason and sound judgment 
E) make decisions that will only enhance their value in the firm 
A) preserve the status quo 
B) allow others to make decisions for them 
C) accept little outside help in making decisions 
D) are characterized by reason and sound judgment 
E) make decisions that will only enhance their value in the firm

Question 6

Programmed decisions are ________.

Accepted Answer

A) nonstructured 
B) one-shot decisions 
C) routine and repetitive 
D) made by top management 
E) made by computers 
A) nonstructured 
B) one-shot decisions 
C) routine and repetitive 
D) made by top management 
E) made by computers

Question 7

Becky is leading her team in an open discussion on the possibilities of implementing flexible work hours for her department.One of the team members keeps interrupting with negative feedback on the suggested ideas.He is breaking the cardinal rule of ________.

Accepted Answer

A) scapegoating 
B) brainstorming 
C) crowdsourcing 
D) groupthinking 
E) the Delphi technique 
A) scapegoating 
B) brainstorming 
C) crowdsourcing 
D) groupthinking 
E) the Delphi technique

Question 8

All the English teachers at Springfield High School jointly developed and agreed on the standards that students must achieve in order to graduate to the next grade.This is an example of ________.

Accepted Answer

A) bounded rationality 
B) consensus 
C) rules of thumb 
D) intuitive decision making 
E) groupthink 
A) bounded rationality 
B) consensus 
C) rules of thumb 
D) intuitive decision making 
E) groupthink

Question 9

When decisions are reached using probability theory,the alternative normally chosen is the one with ________.

Accepted Answer

A) the lowest expected value 
B) the highest expected value 
C) the lowest cost/benefit ratio 
D) the lowest risk 
E) the highest risk 
A) the lowest expected value 
B) the highest expected value 
C) the lowest cost/benefit ratio 
D) the lowest risk 
E) the highest risk

Question 10

An advantage of the nominal group technique is that ________.

Accepted Answer

A) it prevents members from questioning the validity of others' ideas 
B) it allows members to know why individuals voted the way they did 
C) discussions are structured and feedback on the ideas are not immediately gathered 
D) it is suitable for teams whose group members are geographically dispersed 
E) it provides the option of supporting or rejecting an idea without apprehension 
A) it prevents members from questioning the validity of others' ideas 
B) it allows members to know why individuals voted the way they did 
C) discussions are structured and feedback on the ideas are not immediately gathered 
D) it is suitable for teams whose group members are geographically dispersed 
E) it provides the option of supporting or rejecting an idea without apprehension

Question 11

The group decision-making process that involves the circulation of questionnaires on a specific problem among group members is known as ________.

Accepted Answer

A) groupthink 
B) brainstorming 
C) the Delphi technique 
D) the nominal group technique 
E) the devil's advocate technique 
A) groupthink 
B) brainstorming 
C) the Delphi technique 
D) the nominal group technique 
E) the devil's advocate technique

Question 12

An advantage of brainstorming is that ________.

Accepted Answer

A) it allows members to know why individuals voted the way they did 
B) it provides the option of supporting or rejecting an idea without fear of recrimination 
C) it supports the expression of as many useful ideas as possible 
D) it is suitable for teams whose group members are geographically dispersed 
E) members are not required to defend their ideas 
A) it allows members to know why individuals voted the way they did 
B) it provides the option of supporting or rejecting an idea without fear of recrimination 
C) it supports the expression of as many useful ideas as possible 
D) it is suitable for teams whose group members are geographically dispersed 
E) members are not required to defend their ideas

Question 13

A programmed decision is typically a one-shot structured decision that is usually less structured than a nonprogrammed decision.

Accepted Answer

A) True 
 B)False

Question 14

The ________ of the decision refers to the proportion of the total management system that will be affected by the decision.

Accepted Answer

A) level 
B) depth 
C) scope 
D) width 
E) breadth 
A) level 
B) depth 
C) scope 
D) width 
E) breadth

Question 15

________ refers to an individual's inborn ability to synthesize information quickly and effectively.

Accepted Answer

A) Bounded rationality 
B) Satisficing 
C) Bias 
D) Intuition 
E) Optimism 
A) Bounded rationality 
B) Satisficing 
C) Bias 
D) Intuition 
E) Optimism

Question 16

Which group decision making technique assures all parties involved equal participation in making the group's decision?

Accepted Answer

A) brainstorming 
B) Delphi technique 
C) nominal group technique 
D) brainwriting 
E) suggestion box 
A) brainstorming 
B) Delphi technique 
C) nominal group technique 
D) brainwriting 
E) suggestion box

Question 17

Which one of the following is true about the definition of bounded rationality?

Accepted Answer

A) Managers rely on their inborn ability to synthesize information quickly and effectively. 
B) Managers have access to complete and accurate information for making a decision. 
C) Managers adhere to rules of thumb when making decisions. 
D) Statistical probabilities can be attributed to alternative potential outcomes. 
E) Managers do not always have access to the resources required to make rational decisions. 
A) Managers rely on their inborn ability to synthesize information quickly and effectively. 
B) Managers have access to complete and accurate information for making a decision. 
C) Managers adhere to rules of thumb when making decisions. 
D) Statistical probabilities can be attributed to alternative potential outcomes. 
E) Managers do not always have access to the resources required to make rational decisions.

Question 18

Which one of the following best describes the authority factors that limit the number of problem-solving alternatives available?

Accepted Answer

A) The orders issued by a manager's supervisor are unclear. 
B) The level of organizational technology is inadequate for certain alternatives. 
C) The physical facilities of an organization are inappropriate for certain alternatives. 
D) A manager's superior tells the manager that a certain alternative is not feasible. 
E) The chosen alternative is too costly for the organization. 
A) The orders issued by a manager's supervisor are unclear. 
B) The level of organizational technology is inadequate for certain alternatives. 
C) The physical facilities of an organization are inappropriate for certain alternatives. 
D) A manager's superior tells the manager that a certain alternative is not feasible. 
E) The chosen alternative is too costly for the organization.

Question 19

Discuss briefly the steps in the decision-making process.

Accepted Answer

A decision is a choice of one alternativ

Question 20

Decision making is essentially a problem-solving process that involves eliminating barriers to organizational goal attainment.

Accepted Answer

A) True 
 B)False

The bandwagon effect,a common decision-making bias,is ________.

In the decision-making process,it is important to accurately identify an existing problem prior to listing the possible alternatives for solving the problem.

Decisions which are made through consensus usually take less time than those made by a single individual.

The more and less involved,the more confidence managers tend to have in their decision making.

Ideal decision makers ________.

Programmed decisions are ________.

Becky is leading her team in an open discussion on the possibilities of implementing flexible work hours for her department.One of the team members keeps interrupting with negative feedback on the suggested ideas.He is breaking the cardinal rule of ________.

All the English teachers at Springfield High School jointly developed and agreed on the standards that students must achieve in order to graduate to the next grade.This is an example of ________.

When decisions are reached using probability theory,the alternative normally chosen is the one with ________.

An advantage of the nominal group technique is that ________.

The group decision-making process that involves the circulation of questionnaires on a specific problem among group members is known as ________.

An advantage of brainstorming is that ________.

A programmed decision is typically a one-shot structured decision that is usually less structured than a nonprogrammed decision.

The ________ of the decision refers to the proportion of the total management system that will be affected by the decision.

________ refers to an individual's inborn ability to synthesize information quickly and effectively.

Which group decision making technique assures all parties involved equal participation in making the group's decision?

Which one of the following is true about the definition of bounded rationality?

Which one of the following best describes the authority factors that limit the number of problem-solving alternatives available?

Discuss briefly the steps in the decision-making process.

Decision making is essentially a problem-solving process that involves eliminating barriers to organizational goal attainment.

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters

Exam 8: Making Decisions

The bandwagon effect,a common decision-making bias,is ________.

In the decision-making process,it is important to accurately identify an existing problem prior to listing the possible alternatives for solving the problem.

Decisions which are made through consensus usually take less time than those made by a single individual.

The more ________ and less ________ involved,the more confidence managers tend to have in their decision making.

Ideal decision makers ________.

Programmed decisions are ________.

Becky is leading her team in an open discussion on the possibilities of implementing flexible work hours for her department.One of the team members keeps interrupting with negative feedback on the suggested ideas.He is breaking the cardinal rule of ________.

All the English teachers at Springfield High School jointly developed and agreed on the standards that students must achieve in order to graduate to the next grade.This is an example of ________.

When decisions are reached using probability theory,the alternative normally chosen is the one with ________.

An advantage of the nominal group technique is that ________.

The group decision-making process that involves the circulation of questionnaires on a specific problem among group members is known as ________.

An advantage of brainstorming is that ________.

A programmed decision is typically a one-shot structured decision that is usually less structured than a nonprogrammed decision.

The ________ of the decision refers to the proportion of the total management system that will be affected by the decision.

________ refers to an individual's inborn ability to synthesize information quickly and effectively.

Which group decision making technique assures all parties involved equal participation in making the group's decision?

Which one of the following is true about the definition of bounded rationality?

Which one of the following best describes the authority factors that limit the number of problem-solving alternatives available?

Discuss briefly the steps in the decision-making process.

Decision making is essentially a problem-solving process that involves eliminating barriers to organizational goal attainment.

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters

The more and less involved,the more confidence managers tend to have in their decision making.