Exam 9: Managerial Decision Making

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

Which of these assumptions are included in the classical model of decision making?

(Multiple Choice)
4.8/5
(77)

Compare decision conditions of certainty, risk, uncertainty, and ambiguity.

(Essay)
4.7/5
(90)

_____ refers to the tendency of people in groups to suppress contrary opinions.

(Multiple Choice)
4.8/5
(74)

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)
4.9/5
(97)

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

(True/False)
4.7/5
(88)

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)
4.9/5
(84)

When a small community hospital decides to add a radiation therapy unit, it is considered a:

(Multiple Choice)
4.9/5
(77)

When managers base decisions on what has worked in the past and fail to explore new options, they are:

(Multiple Choice)
4.8/5
(69)

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)
4.8/5
(89)

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)
4.8/5
(76)

_____ is important because decision making is a continuous, never ending process.

(Short Answer)
4.8/5
(90)

_____ refers to the process of identifying problems and then resolving them.

(Multiple Choice)
4.9/5
(70)

The _____ step in the decision making process involves using managerial, administrative, and persuasive abilities to translate the chosen alternative into action.

(Multiple Choice)
5.0/5
(65)

For a programmed decision:

(Multiple Choice)
4.9/5
(81)

List and describe the four basic assumptions of the political model.

(Essay)
4.9/5
(68)

Feedback is important because:

(Multiple Choice)
4.9/5
(86)

_____ 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)
4.9/5
(85)

According to both research and managerial experience, intuitive decisions are best and always work out.

(True/False)
4.7/5
(80)

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)
4.9/5
(70)

Which model of decision making is associated with satisficing, bounded rationality, and uncertainty?

(Multiple Choice)
4.7/5
(68)
Showing 81 - 100 of 173
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)