Question 1

The ability to make _____ decisions is a critical skill in today's fast-moving organizations.

Accepted Answer

A)  fast 
B)  widely supported 
C)  high-quality 
D)  frequent 
E)  all of these 
A)  fast 
B)  widely supported 
C)  high-quality 
D)  frequent 
E)  all of these

Question 2

_____ is the process of forming alliances among managers.

Accepted Answer

The answer of _____ is the process of forming alliances...

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Gerald's Groceries and Marty's Market decided to merge their operations, something neither company has tried before. This would be considered a nonprogrammed decision.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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.

Accepted Answer

A) True 
 B)False

Question 7

Feedback is important because:

Accepted Answer

A)  decision making is a continuous process. 
B)  it provides decision-makers with new information. 
C)  it helps determine if a new decision needs to be made. 
D)  it provides decision-makers with new information and it helps determine if a new decision needs to be made. 
E)  all of these. 
A)  decision making is a continuous process. 
B)  it provides decision-makers with new information. 
C)  it helps determine if a new decision needs to be made. 
D)  it provides decision-makers with new information and it helps determine if a new decision needs to be made. 
E)  all of these.

Question 8

_____ is the process of identifying problems and opportunities and then resolving them.

Accepted Answer

The answer of _____ is the process of identifying problems...

Question 9

Justifying past decisions is a common bias of managers.

Accepted Answer

A) True 
 B)False

Question 10

Under conditions of _____, statistical analyses are useful.

Accepted Answer

A)  certainty 
B)  ambiguity 
C)  risk 
D)  uncertainty 
E)  conflict 
A)  certainty 
B)  ambiguity 
C)  risk 
D)  uncertainty 
E)  conflict

Question 11

What are the six steps in the managerial decision making process?

Accepted Answer

The six steps are (1) recognize the deci

Question 12

The essence of _____ is to choose the first solution available.

Accepted Answer

A)  bounded rationality 
B)  creativity 
C)  decision maximization 
D)  satisficing 
E)  the classical model of decision making 
A)  bounded rationality 
B)  creativity 
C)  decision maximization 
D)  satisficing 
E)  the classical model of decision making

Question 13

According to the classical model of decision making, managers' searches for alternatives are limited because of human, information, and resource constraints.

Accepted Answer

A) True 
 B)False

Question 14

_____ decisions are associated with decision rules.

Accepted Answer

A)  Nonprogrammed 
B)  Unique 
C)  Programmed 
D)  Ill-structured 
E)  Novel 
A)  Nonprogrammed 
B)  Unique 
C)  Programmed 
D)  Ill-structured 
E)  Novel

Question 15

The recognition of the decision requirement step in the managerial decision making process requires managers to:

Accepted Answer

A)  develop alternative solutions. 
B)  integrate information in novel ways. 
C)  use the classical model of decision making. 
D)  focus on generating ideas. 
E)  select undesirable alternatives. 
A)  develop alternative solutions. 
B)  integrate information in novel ways. 
C)  use the classical model of decision making. 
D)  focus on generating ideas. 
E)  select undesirable alternatives.

Question 16

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

Accepted Answer

Start with brainstor

Question 17

Explain how a manager selects the desired decision in the managerial decision making process.

Accepted Answer

The manager tries to select the choice w

Question 18

Examples of nonprogrammed decisions would include the decision to:

Accepted Answer

A)  reorder supplies. 
B)  develop a new product or service. 
C)  perform routine maintenance on one of the machines in manufacturing. 
D)  terminate an employee for violation of company rules. 
E)  fill a position. 
A)  reorder supplies. 
B)  develop a new product or service. 
C)  perform routine maintenance on one of the machines in manufacturing. 
D)  terminate an employee for violation of company rules. 
E)  fill a position.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Differences among people with respect to how they perceive problems and make decisions is called _____.

Accepted Answer

The answer of Differences among people with respect to how...

The ability to make _____ decisions is a critical skill in today's fast-moving organizations.

_____ is the process of forming alliances among managers.

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

Gerald's Groceries and Marty's Market decided to merge their operations, something neither company has tried before. This would be considered a nonprogrammed decision.

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

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.

Feedback is important because:

_____ is the process of identifying problems and opportunities and then resolving them.

Justifying past decisions is a common bias of managers.

Under conditions of _____, statistical analyses are useful.

What are the six steps in the managerial decision making process?

The essence of _____ is to choose the first solution available.

According to the classical model of decision making, managers' searches for alternatives are limited because of human, information, and resource constraints.

_____ decisions are associated with decision rules.

The recognition of the decision requirement step in the managerial decision making process requires managers to:

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

Explain how a manager selects the desired decision in the managerial decision making process.

Examples of nonprogrammed decisions would include the decision to:

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

Differences among people with respect to how they perceive problems and make decisions is called _____.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start Ups and New Ventures

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 9: Managerial Decision Making

The ability to make _____ decisions is a critical skill in today's fast-moving organizations.

_____ is the process of forming alliances among managers.

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

Gerald's Groceries and Marty's Market decided to merge their operations, something neither company has tried before. This would be considered a nonprogrammed decision.

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

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.

Feedback is important because:

_____ is the process of identifying problems and opportunities and then resolving them.

Justifying past decisions is a common bias of managers.

Under conditions of _____, statistical analyses are useful.

What are the six steps in the managerial decision making process?

The essence of _____ is to choose the first solution available.

According to the classical model of decision making, managers' searches for alternatives are limited because of human, information, and resource constraints.

_____ decisions are associated with decision rules.

The recognition of the decision requirement step in the managerial decision making process requires managers to:

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

Explain how a manager selects the desired decision in the managerial decision making process.

Examples of nonprogrammed decisions would include the decision to:

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

Differences among people with respect to how they perceive problems and make decisions is called _____.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start Ups and New Ventures

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters