Question 1

All of the following are characteristics of the administrative decision making model except:

Accepted Answer

A)  vague problem and goals. 
B)  conditions of certainty. 
C)  limited information about alternatives and their outcomes. 
D)  satisfying choice. 
E)  all of these are characteristics of administrative decision making model. 
A)  vague problem and goals. 
B)  conditions of certainty. 
C)  limited information about alternatives and their outcomes. 
D)  satisfying choice. 
E)  all of these are characteristics of administrative decision making model.

Question 2

Under conditions of _____, managers know what goal they wish to achieve, but information about alternatives and future events is incomplete.

Accepted Answer

The answer of Under conditions of _____, managers know what...

Question 3

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

Accepted Answer

The answer of The recognition that people have limits on...

Question 4

Nonprogrammed decisions are made in response to situations that are:

Accepted Answer

A)  unique. 
B)  unstructured. 
C)  important to the organization. 
D)  all of these 
E)  unique and important to the organization. 
A)  unique. 
B)  unstructured. 
C)  important to the organization. 
D)  all of these 
E)  unique and important to the organization.

Question 5

The process of forming alliances among managers is called coalition building.

Accepted Answer

A) True 
 B)False

Question 6

Making a choice is the most significant part of the decision-making process.

Accepted Answer

A) True 
 B)False

Question 7

Briefly describe the four major personal decision styles.

Accepted Answer

Directive, analytica

Question 8

_____ is the willingness to undertake risk with the opportunity of gaining an increased payoff.

Accepted Answer

The answer of _____ is the willingness to undertake risk...

Question 9

The best alternative is the one in which the solution best fits the overall goals and values of the organization and achieves the desired results using the fewest resources.

Accepted Answer

A) True 
 B)False

Question 10

Which style is used by people who prefer simple, clear-cut solutions to problems?

Accepted Answer

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

Question 11

A decision is a choice made from available alternatives.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return?

Accepted Answer

A)  Tunnel vision 
B)  Risk propensity 
C)  Risk averse 
D)  Thrill seeking 
E)  Ineffective investment philosophy 
A)  Tunnel vision 
B)  Risk propensity 
C)  Risk averse 
D)  Thrill seeking 
E)  Ineffective investment philosophy

Question 13

When quality control measures at the local tire plant were found to be inadequate, managers were asking themselves, "How did this occur?" and "What is the result?" The company is in which stage of the managerial decision-making process?

Accepted Answer

A)  Selection of a desired alternative 
B)  Development of alternatives 
C)  Diagnosis and analysis of causes 
D)  Recognition of decision requirement 
E)  Evaluation and feedback 
A)  Selection of a desired alternative 
B)  Development of alternatives 
C)  Diagnosis and analysis of causes 
D)  Recognition of decision requirement 
E)  Evaluation and feedback

Question 14

Most people underestimate their ability to predict uncertain outcomes.

Accepted Answer

A) True 
 B)False

Question 15

Good intuitive decision making is based on an ability to recognize patterns at lightning speed.

Accepted Answer

A) True 
 B)False

Question 16

During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?

Accepted Answer

A)  Bounded 
B)  Programmed 
C)  Conventional 
D)  Wicked decision problem 
E)  Irrational decision 
A)  Bounded 
B)  Programmed 
C)  Conventional 
D)  Wicked decision problem 
E)  Irrational decision

Question 17

All of the following are cognitive biases that can affect manager's judgment except:

Accepted Answer

A)  being influenced by initial impressions. 
B)  justifying past decisions. 
C)  seeing what you don't want to see. 
D)  perpetuating the status quo. 
E)  overconfidence. 
A)  being influenced by initial impressions. 
B)  justifying past decisions. 
C)  seeing what you don't want to see. 
D)  perpetuating the status quo. 
E)  overconfidence.

Question 18

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

Accepted Answer

A)  Analysis 
B)  Diagnosis 
C)  Recognition 
D)  Judgment 
E)  Identification 
A)  Analysis 
B)  Diagnosis 
C)  Recognition 
D)  Judgment 
E)  Identification

Question 19

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:

Accepted Answer

A)  satisficing. 
B)  bounded rationality. 
C)  classical model of decision making. 
D)  normative approach. 
E)  scientific approach. 
A)  satisficing. 
B)  bounded rationality. 
C)  classical model of decision making. 
D)  normative approach. 
E)  scientific approach.

Question 20

_____ exists when managers see potential of enhancing performance beyond current levels.

Accepted Answer

The answer of _____ exists when managers see potential of...

All of the following are characteristics of the administrative decision making model except:

Under conditions of _____, managers know what goal they wish to achieve, but information about alternatives and future events is incomplete.

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

Nonprogrammed decisions are made in response to situations that are:

The process of forming alliances among managers is called coalition building.

Making a choice is the most significant part of the decision-making process.

Briefly describe the four major personal decision styles.

_____ is the willingness to undertake risk with the opportunity of gaining an increased payoff.

The best alternative is the one in which the solution best fits the overall goals and values of the organization and achieves the desired results using the fewest resources.

Which style is used by people who prefer simple, clear-cut solutions to problems?

A decision is a choice made from available alternatives.

Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return?

When quality control measures at the local tire plant were found to be inadequate, managers were asking themselves, "How did this occur?" and "What is the result?" The company is in which stage of the managerial decision-making process?

Most people underestimate their ability to predict uncertain outcomes.

Good intuitive decision making is based on an ability to recognize patterns at lightning speed.

During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?

All of the following are cognitive biases that can affect manager's judgment except:

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

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:

_____ exists when managers see potential of enhancing performance beyond current levels.

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start Ups

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 9: Managerial Decision Making

All of the following are characteristics of the administrative decision making model except:

Under conditions of _____, managers know what goal they wish to achieve, but information about alternatives and future events is incomplete.

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

Nonprogrammed decisions are made in response to situations that are:

The process of forming alliances among managers is called coalition building.

Making a choice is the most significant part of the decision-making process.

Briefly describe the four major personal decision styles.

_____ is the willingness to undertake risk with the opportunity of gaining an increased payoff.

The best alternative is the one in which the solution best fits the overall goals and values of the organization and achieves the desired results using the fewest resources.

Which style is used by people who prefer simple, clear-cut solutions to problems?

A decision is a choice made from available alternatives.

Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return?

When quality control measures at the local tire plant were found to be inadequate, managers were asking themselves, "How did this occur?" and "What is the result?" The company is in which stage of the managerial decision-making process?

Most people underestimate their ability to predict uncertain outcomes.

Good intuitive decision making is based on an ability to recognize patterns at lightning speed.

During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?

All of the following are cognitive biases that can affect manager's judgment except:

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

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:

_____ exists when managers see potential of enhancing performance beyond current levels.

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start Ups

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters