Question 1

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

Accepted Answer

A)  Administrative 
B)  Classical 
C)  Intuitive 
D)  Political 
E)  Bureaucratic 
A)  Administrative 
B)  Classical 
C)  Intuitive 
D)  Political 
E)  Bureaucratic

Question 2

The classical model of decision making is based on ____ assumptions.

Accepted Answer

A)  philosophical 
B)  irrational 
C)  economic 
D)  uncertainty 
E)  technological 
A)  philosophical 
B)  irrational 
C)  economic 
D)  uncertainty 
E)  technological

Question 3

Which of the following means that all the information the decision-maker needs is fully available?

Accepted Answer

A)  Certainty 
B)  Risk 
C)  Uncertainty 
D)  Ambiguity 
E)  None of these 
A)  Certainty 
B)  Risk 
C)  Uncertainty 
D)  Ambiguity 
E)  None of these

Question 4

The ____________________ style is often the style adopted by managers having a deep concern for others as individuals.

Accepted Answer

The answer of The ____________________ style is often the style...

Question 5

____ is the last step in the decision making process.

Accepted Answer

A)  Evaluation and feedback 
B)  Development of alternatives 
C)  Implementation of chosen alternative 
D)  Selection of desired requirement 
E)  Recognition of decision requirement 
A)  Evaluation and feedback 
B)  Development of alternatives 
C)  Implementation of chosen alternative 
D)  Selection of desired requirement 
E)  Recognition of decision requirement

Question 6

Feedback is the part of monitoring that assesses whether a new decision needs to be made.

Accepted Answer

A) True 
 B)False

Question 7

Managers confront a decision requirement in the form of either a problem or an opportunity.

Accepted Answer

A) True 
 B)False

Question 8

Normative decision theory recognizes that managers have only limited time and cognitive ability and therefore their decisions are characterized by bounded rationality.

Accepted Answer

A) True 
 B)False

Question 9

Justifying past decisions is a common bias of managers.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

The classical decision making model assumes that the decision-maker is rational,and makes the optimal decision each time.

Accepted Answer

A) True 
 B)False

Question 12

All of the following are characteristics of the classical decision making model EXCEPT

Accepted Answer

A)  clear-cut problems and goals. 
B)  conditions of certainty. 
C)  rational choice by individual for maximizing outcomes. 
D)  limited information about alternatives and their outcomes. 
E)  all of these are characteristics of classical decision making model. 
A)  clear-cut problems and goals. 
B)  conditions of certainty. 
C)  rational choice by individual for maximizing outcomes. 
D)  limited information about alternatives and their outcomes. 
E)  all of these are characteristics of classical decision making model.

Question 13

Research has identified four major decision styles. These include all of the following EXCEPT:

Accepted Answer

A)  Behavioral 
B)  Conceptual 
C)  Analytical 
D)  Authoritative 
E)  Directive 
A)  Behavioral 
B)  Conceptual 
C)  Analytical 
D)  Authoritative 
E)  Directive

Question 14

____________________ means that the goals to be achieved or the problem to be solved is unclear,alternatives are difficult to define,and information about outcomes is unavailable.

Accepted Answer

The answer of ____________________ means that the goals to be...

Question 15

Risk propensity refers to the willingness to undertake risk with the opportunity of gaining an increased payoff.

Accepted Answer

A) True 
 B)False

Question 16

According to both research and managerial experience,intuitive decisions are best and always work out.

Accepted Answer

A) True 
 B)False

Question 17

____ refers to the process of identifying problems and then resolving them.

Accepted Answer

A)  Organizing 
B)  Controlling 
C)  Decision-making 
D)  Planning 
E)  Leading 
A)  Organizing 
B)  Controlling 
C)  Decision-making 
D)  Planning 
E)  Leading

Question 18

Two area banks,Bank A and Bank B,decided to merge their operations.This is an example of a

Accepted Answer

A)  programmed decision. 
B)  nonprogrammed decision. 
C)  decision rule. 
D)  structured decision. 
E)  bad community decision. 
A)  programmed decision. 
B)  nonprogrammed decision. 
C)  decision rule. 
D)  structured decision. 
E)  bad community decision.

Question 19

The administrative model closely resembles the real environment in which most managers and decision makers operate.

Accepted Answer

A) True 
 B)False

Question 20

The four positions on the possibility of failure scale include certainty,risk,ambiguity,and:

Accepted Answer

A)  Uncertainty 
B)  Conflict 
C)  Necessity 
D)  Indecision 
E)  Possibility 
A)  Uncertainty 
B)  Conflict 
C)  Necessity 
D)  Indecision 
E)  Possibility

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

The classical model of decision making is based on ____ assumptions.

Which of the following means that all the information the decision-maker needs is fully available?

The ____________________ style is often the style adopted by managers having a deep concern for others as individuals.

____ is the last step in the decision making process.

Feedback is the part of monitoring that assesses whether a new decision needs to be made.

Managers confront a decision requirement in the form of either a problem or an opportunity.

Normative decision theory recognizes that managers have only limited time and cognitive ability and therefore their decisions are characterized by bounded rationality.

Justifying past decisions is a common bias of managers.

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

The classical decision making model assumes that the decision-maker is rational,and makes the optimal decision each time.

All of the following are characteristics of the classical decision making model EXCEPT

Research has identified four major decision styles. These include all of the following EXCEPT:

____________________ means that the goals to be achieved or the problem to be solved is unclear,alternatives are difficult to define,and information about outcomes is unavailable.

Risk propensity refers to the willingness to undertake risk with the opportunity of gaining an increased payoff.

According to both research and managerial experience,intuitive decisions are best and always work out.

____ refers to the process of identifying problems and then resolving them.

Two area banks,Bank A and Bank B,decided to merge their operations.This is an example of a

The administrative model closely resembles the real environment in which most managers and decision makers operate.

The four positions on the possibility of failure scale include certainty,risk,ambiguity,and:

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Appendix-Managing Human Resources and Diversity

Filters

Exam 6: Managerial Decision Making

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

The classical model of decision making is based on ____ assumptions.

Which of the following means that all the information the decision-maker needs is fully available?

The ____________________ style is often the style adopted by managers having a deep concern for others as individuals.

____ is the last step in the decision making process.

Feedback is the part of monitoring that assesses whether a new decision needs to be made.

Managers confront a decision requirement in the form of either a problem or an opportunity.

Normative decision theory recognizes that managers have only limited time and cognitive ability and therefore their decisions are characterized by bounded rationality.

Justifying past decisions is a common bias of managers.

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

The classical decision making model assumes that the decision-maker is rational,and makes the optimal decision each time.

All of the following are characteristics of the classical decision making model EXCEPT

Research has identified four major decision styles. These include all of the following EXCEPT:

____________________ means that the goals to be achieved or the problem to be solved is unclear,alternatives are difficult to define,and information about outcomes is unavailable.

Risk propensity refers to the willingness to undertake risk with the opportunity of gaining an increased payoff.

According to both research and managerial experience,intuitive decisions are best and always work out.

____ refers to the process of identifying problems and then resolving them.

Two area banks,Bank A and Bank B,decided to merge their operations.This is an example of a

The administrative model closely resembles the real environment in which most managers and decision makers operate.

The four positions on the possibility of failure scale include certainty,risk,ambiguity,and:

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Appendix-Managing Human Resources and Diversity

Filters