Exam 5: Decision Making, Learning, Creativity, and Entrepreneurship

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future, this is known as

Decisions that have been made many times in the past and for which managers have rules and guidelines about how to make similar decisions in the future are known as ________ decisions.

Instead of calling a hundred possible windshield suppliers, the purchasing manager for Telsa Motor Co. decides to call three suppliers of automobile windshields for a bid on an order for 1,000 windshields for a new car. What type of decision does this represent?

Fatima is the manager of the tennis division of a large sporting goods company. An employee named Anika shows great promise but seems to lack the confidence to share her creative ideas. Based on what you know about promoting creativity, which of the following actions should Fatima take?

When a member of a group challenges the decision that is being made by the group in an attempt to make the group carefully consider the pros and cons of a particular alternative, this member is playing the role of the devil's advocate.

Which of the following is a part of the Delphi technique of group decision making?

The classical model of decision making specifies how decisions should be made by managers; this is a way of saying that this model of decision making is

To access the ethicalness of an alternative for a restaurant, the manager would

If you want to develop a skunkworks, which of the following actions would you take?

Apex, Ltd., is trying to decide whether or not to launch a new product nationally. This represents a(n)________ decision.

With reference to the steps of decision-making process, which of the following is the last step in the managerial decision-making process?

Koki, a production manager, was engaged in the development of a core component of a machine. He realized that the component would not be ready for QC testing as per the fixed deadline and suggested allotting two more weeks for its complete development or sending only a part of it for testing in the first cycle. Which two decision-making steps does this represent?

Why is group decision making considered beneficial?

When an organization's accounting department decides to send out a bill to a new customer, this represents a(n)________ decision.

Which step of the decision-making process requires managers to be sure all the information available is brought to bear on the problem or issue at hand while ranking the alternatives?

There are three important techniques that managers can use to promote creativity in group decision-making situations. Discuss any two of these techniques.

Which of the following is most likely to be a disadvantage of brainstorming in an organization?

An individual who looks for opportunities and is aware of mobilizing the resources required for producing new and improved goods and services is called a(n)

Which of the following is a way to bring distant managers together to brainstorm and is a written approach to creative problem solving?

Regina, a manager, orders raw materials when the raw materials inventory reaches a certain point. This is an example of which type of decision?