Question 1

Decision makers characterized by the desire to preserve the status quo as much as possible are classified as having a hoarding orientation.

Accepted Answer

A) True 
 B)False

Question 2

A choice made between two or more available alternatives is a(n)________.

Accepted Answer

A) directive 
B) consensus 
C) decision 
D) alternative 
E) objective 
A) directive 
B) consensus 
C) decision 
D) alternative 
E) objective

Question 3

The main disadvantage of arriving at decisions through consensus is ________.

Accepted Answer

A) it results in very few practical solutions 
B) it reduces employees' commitment to the decision 
C) it involves time-consuming discussions 
D) often the manager must make the decision 
E) it focuses "several heads" on the decision 
A) it results in very few practical solutions 
B) it reduces employees' commitment to the decision 
C) it involves time-consuming discussions 
D) often the manager must make the decision 
E) it focuses "several heads" on the decision

Question 4

After identifying an existing problem,the next step in the decision-making process is ________.

Accepted Answer

A) selecting the best among the alternative solutions 
B) listing alternative solutions 
C) identifying organizational objectives 
D) gathering feedback on the implemented alternative 
E) implementing the selected alternative 
A) selecting the best among the alternative solutions 
B) listing alternative solutions 
C) identifying organizational objectives 
D) gathering feedback on the implemented alternative 
E) implementing the selected alternative

Question 5

Even though Amy is the leader of a team,she finds it very hard to make decisions on her own.She often asks her colleagues for their opinions on matters that come up and relies on these inputs to make the final decision.Which one of the following decision-making orientations does Amy have?

Accepted Answer

A) marketing-oriented 
B) hoarding 
C) indecisive 
D) exploitative 
E) receptive 
A) marketing-oriented 
B) hoarding 
C) indecisive 
D) exploitative 
E) receptive

Question 6

________ refers to situations where the probability that a particular outcome will occur is not known in advance.

Accepted Answer

A) Uncertainty 
B) Risk 
C) Unrealistic optimism 
D) Heuristics 
E) Overconfidence 
A) Uncertainty 
B) Risk 
C) Unrealistic optimism 
D) Heuristics 
E) Overconfidence

Question 7

An individual's tendency to believe they are less susceptible to risky events than others is referred to as ________.

Accepted Answer

A) the bandwagon effect 
B) the confirmation bias 
C) loss aversion 
D) overconfidence 
E) unrealistic optimism 
A) the bandwagon effect 
B) the confirmation bias 
C) loss aversion 
D) overconfidence 
E) unrealistic optimism

Question 8

An organizational decision maker who is willing to steal ideas as necessary to make good decisions ________.

Accepted Answer

A) has a hoarding orientation 
B) is a marketing-oriented decision maker 
C) has an exploitative orientation 
D) has a latent orientation 
E) has an ideal decision-making orientation 
A) has a hoarding orientation 
B) is a marketing-oriented decision maker 
C) has an exploitative orientation 
D) has a latent orientation 
E) has an ideal decision-making orientation

Decision makers characterized by the desire to preserve the status quo as much as possible are classified as having a hoarding orientation.

A choice made between two or more available alternatives is a(n)________.

The main disadvantage of arriving at decisions through consensus is ________.

After identifying an existing problem,the next step in the decision-making process is ________.

Even though Amy is the leader of a team,she finds it very hard to make decisions on her own.She often asks her colleagues for their opinions on matters that come up and relies on these inputs to make the final decision.Which one of the following decision-making orientations does Amy have?

________ refers to situations where the probability that a particular outcome will occur is not known in advance.

An individual's tendency to believe they are less susceptible to risky events than others is referred to as ________.

An organizational decision maker who is willing to steal ideas as necessary to make good decisions ________.

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

Decision makers characterized by the desire to preserve the status quo as much as possible are classified as having a hoarding orientation.

A choice made between two or more available alternatives is a(n)________.

The main disadvantage of arriving at decisions through consensus is ________.

After identifying an existing problem,the next step in the decision-making process is ________.

Even though Amy is the leader of a team,she finds it very hard to make decisions on her own.She often asks her colleagues for their opinions on matters that come up and relies on these inputs to make the final decision.Which one of the following decision-making orientations does Amy have?

________ refers to situations where the probability that a particular outcome will occur is not known in advance.

An individual's tendency to believe they are less susceptible to risky events than others is referred to as ________.

An organizational decision maker who is willing to steal ideas as necessary to make good decisions ________.

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