Exam 9: Managerial Decision Making
Exam 1: Innovative Management for a Changing World177 Questions
Exam 2: The Evolution of Management Thinking155 Questions
Exam 3: The Environment and Corporate Culture167 Questions
Exam 4: Managing in a Global Environment157 Questions
Exam 5: Managing Ethics and Social Responsibility153 Questions
Exam 6: Managing Small Business Start Ups136 Questions
Exam 7: Managerial Planning and Goal Setting146 Questions
Exam 8: Strategy Formulation and Execution138 Questions
Exam 9: Managerial Decision Making173 Questions
Exam 10: Designing Adaptive Organizations201 Questions
Exam 11: Managing Change and Innovation163 Questions
Exam 12: Managing Human Resources151 Questions
Exam 13: Managing Diversity105 Questions
Exam 14: Understanding Individual Behavior130 Questions
Exam 15: Leadership153 Questions
Exam 16: Motivating Employees174 Questions
Exam 17: Managing Communication138 Questions
Exam 18: Leading Teams154 Questions
Exam 19: Managing Quality and Performance153 Questions
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Which of these assumptions are included in the classical model of decision making?
(Multiple Choice)
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Compare decision conditions of certainty, risk, uncertainty, and ambiguity.
(Essay)
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_____ refers to the tendency of people in groups to suppress contrary opinions.
(Multiple Choice)
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Programmed decisions are decisions that are made for situations that have occurred often in the past and allow decision rules to be developed to guide future decisions.
(True/False)
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The formulation stage involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out.
(True/False)
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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.
(Short Answer)
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When a small community hospital decides to add a radiation therapy unit, it is considered a:
(Multiple Choice)
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When managers base decisions on what has worked in the past and fail to explore new options, they are:
(Multiple Choice)
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Riley is a manager at the Tinker Tools. She is expected to make decisions that are in the organization's best economic interests. Her decisions should be based on which of the following models?
(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.
-Which of the following steps would Vaughn not take in making his decision?
(Multiple Choice)
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_____ is important because decision making is a continuous, never ending process.
(Short Answer)
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_____ refers to the process of identifying problems and then resolving them.
(Multiple Choice)
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The _____ step in the decision making process involves using managerial, administrative, and persuasive abilities to translate the chosen alternative into action.
(Multiple Choice)
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_____ 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.
(Short Answer)
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According to both research and managerial experience, intuitive decisions are best and always work out.
(True/False)
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Melissa is a manager at InStylez Clothing. Her job is very complex and she feels that she does not have enough time to identify and/or process all the information she needs to make decisions. Melissa's situation is most consistent with which of the following concepts?
(Multiple Choice)
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Which model of decision making is associated with satisficing, bounded rationality, and uncertainty?
(Multiple Choice)
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