Exam 9: 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.

(Multiple Choice)
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People with a(n) _____ style usually are concerned with the personal development of others and may make decisions that help others achieve their goals.

(Multiple Choice)
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Which of the following is a choice made from available alternatives?

(Multiple Choice)
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Once the desired alternative is developed, it should be _____.

(Multiple Choice)
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Which of the following is the process of forming alliances among managers during the decision making process?

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

(True/False)
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Research has identified four major decision styles. These include all of the following except _____.

(Multiple Choice)
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Individuals with a conceptual decision-making style are more socially oriented than those with an analytical style.

(True/False)
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A(n) _____ approach describes how managers actually make decisions, not how they should.

(Short Answer)
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Justifying past decisions is a common bias of managers.

(True/False)
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Brainwriting refers to the tendency of people in groups to suppress contrary opinions.

(True/False)
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_____ decisions are associated with decision rules.

(Multiple Choice)
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CASE 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 classical model of decision making, which of these assumptions would he reject?

(Multiple Choice)
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Brainstorming uses a face-to-face interactive group to spontaneously suggest a wide range of alternatives for decision making.

(True/False)
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The main difference between risk and uncertainty is that with risk you know the probabilities of the outcomes.

(True/False)
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Under conditions of _____, statistical analyses are useful.

(Multiple Choice)
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Feedback is the part of monitoring that assesses whether a new decision needs to made.

(True/False)
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Managers are often referred to as:

(Multiple Choice)
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Managers with an analytical decision style like to consider complex solutions based on as much data as they can gather.

(True/False)
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The ability to make _____ decisions is a critical skill in today's fast-moving organizations.

(Multiple Choice)
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