Exam 6: Managerial Decision Making

Scenario - Vaughn Bately Vaughn Bately manages a group of eight electrical engineers at Defiance Designs. His team is highly trained and well respected by experts both inside and outside the company. Recently one of Vaughn's engineers suggested a new technique for the development and use of an argon laser. There appeared to be rich potential for this technology, but Vaughn wasn't certain that developing this technology was the best use of his limited resources. Vaughn was facing a significant decision. -If Vaughn uses the administrative model of decision making,which of these assumptions would he reject?

The administrative model is considered to be normative.

____________________ means that all the information the decision-maker needs is fully available.

The ____ model of decision making describes how managers actually make decisions in situations characterized by nonprogrammed decisions,uncertainty,and ambiguity.

____ is the step in the decision-making process in which managers analyze underlying causal factors associated with the decision situation.

____ means that managers know which goals they wish to achieve,but information about alternatives and future events is incomplete.

Most managers settle for a ____ rather than a(n)____ solution.

Administrative and political decision making procedures and intuition have been associated with high performance in unstable environments in which decisions must be made rapidly and under more difficult conditions.

Once the problem or opportunity has been recognized and analyzed,the decision-maker should implement the alternative.

People who prefer simple,clear-cut solutions to problems use the directive style.

________ decisions are associated with conflicts over goals and decision alternatives,rapidly changing circumstances,fuzzy information,and unclear links among decision elements.

The formulation stage involves the use of managerial,administrative,and persuasive abilities to ensure that the chosen alternative is carried out.

Personal ____ style refers to differences among people with respect to how they perceive problems and make decisions.

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

The ____________________ stage involves the use of managerial,administrative,and persuasive abilities to ensure that the chosen alternative is carried out.

The recognition that people have limits on how rational they can be is known as ____________________.

Associated with the condition of ____ is the lowest possibility of failure.

Managers need to take a balanced approach for effective decision making.

A decision is a choice made from available alternatives.

Which of the following is the first step in the managerial decision making process?