Exam 6: Managerial Decision Making

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________is a vital part of good management because decisions determine how the organization solves its problems, allocates resources, and accomplishes its goals.

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Under conditions of________ , statistical analyses are useful.

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When a small community hospital decides to add a radiation therapy unit, it is considered a:

(Multiple Choice)
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Examples of nonprogrammed decisions would include the decision to:

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When managers ask questions such as "What is the state of disequilibrium affecting us?", they are in which stage of the managerial decision-making process?

(Multiple Choice)
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Differences among people with respect to how they perceive problems and make decisions is called ________.

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Which of the following has the highest possibility of failure?

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Uncertainty means that a decision has clear-cut goals, and that good information is available, but the future outcomes associated with each alternative are subject to chance.

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Groupthink refers to the tendency of people in groups to suppress contrary opinions.

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Programmed decisions are made in response to________ organizational problems.

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Step one in the managerial decision-making process is recognition of decision requirement.

(True/False)
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Two employees in Stacey's department quit which is normal for her department. She is faced with the decision to fill these positions. This would be considered a nonprogrammed decision.

(True/False)
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The classical model of decision-making works best in organizations that are made up of groups with diverse interests, goals, and values.

(True/False)
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The ________model of decision-making is useful for making nonprogrammed decisions when conditions are uncertain, information is limited, and there are managerial conflicts about what goals to pursue or what course of action to take.

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List the three guidelines of innovative group decision-making in today's businesses.

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The decision-maker must ________once the problem has been recognized and analyzed.

(Multiple Choice)
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Managers will frequently look for new information that contradicts thier instincts or original point of view..

(True/False)
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The administrative model of decision making describes how managers actually make decisions in difficult situations.

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The concept that people have the time and cognitive ability to process only a limited amount of information on which to base decisions is known as:

(Multiple Choice)
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The growth of quantitative decision techniques that use computers has expanded the use of which decision-making approach?

(Multiple Choice)
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