Question 1

The Delphi group technique is a group decision-making technique in which:

Accepted Answer

A)  the members are involved in extensive discussions with each other. 
B)  the opinions of group member are combined and averaged. 
C)  the daily operational problems of an organization are addressed. 
D)  the members are most likely to indulge in groupthink. 
E)  the members are most likely to be first-line employees belonging to the same department. 
A)  the members are involved in extensive discussions with each other. 
B)  the opinions of group member are combined and averaged. 
C)  the daily operational problems of an organization are addressed. 
D)  the members are most likely to indulge in groupthink. 
E)  the members are most likely to be first-line employees belonging to the same department.

Question 2

The process of choosing one alternative from among a set of alternatives is called _____.

Accepted Answer

A)  rational ignorance 
B)  altruism 
C)  bounded rationality 
D)  decision making 
E)  groupthink 
A)  rational ignorance 
B)  altruism 
C)  bounded rationality 
D)  decision making 
E)  groupthink

Question 3

Eric is a manager who recently introduced a new process for screening potential employees. Eric has noticed that the new screening process is not very efficient and is not helping recruiters find the best candidates. However, Eric continues to use the same process because it was so expensive to set up the initial system. Which of the following concepts is illustrated in the scenario?

Accepted Answer

A)  Evidence-based decision making 
B)  Escalation of commitment 
C)  Rational decision making 
D)  Optimization 
E)  Satisficing 
A)  Evidence-based decision making 
B)  Escalation of commitment 
C)  Rational decision making 
D)  Optimization 
E)  Satisficing

Question 4

A(n) _____ is a form of group decision making in which a group arrives at a consensus of expert opinion.

Accepted Answer

A)  interacting group 
B)  Delphi group 
C)  inactive group 
D)  unconventional group 
E)  unstructured group 
A)  interacting group 
B)  Delphi group 
C)  inactive group 
D)  unconventional group 
E)  unstructured group

Question 5

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-Undesirable compromises

Accepted Answer

A) Advantage of individual decision making 
B) Disadvantage of individual decision making 
C) Advantage of group decision making 
D) Disadvantage of group decision making 
A) Advantage of individual decision making 
B) Disadvantage of individual decision making 
C) Advantage of group decision making 
D) Disadvantage of group decision making

Question 6

A(n) _____ is an informal alliance formed to achieve a common goal.

Accepted Answer

coalition
A coalition is an in

Question 7

Christine, a teacher, notices that the performances of her students at class tests have been declining. While attempting to find a solution to the problem, she thinks of three choices: rewarding students who get good grades, holding class tests more often, or punishing students when they perform poorly in the tests. Which step of the rational decision-making process is Christine in?

Accepted Answer

A)  Identifying alternatives 
B)  Implementing an alternative 
C)  Defining the decision situation 
D)  Selecting the best alternative 
E)  Evaluating the decision effectiveness 
A)  Identifying alternatives 
B)  Implementing an alternative 
C)  Defining the decision situation 
D)  Selecting the best alternative 
E)  Evaluating the decision effectiveness

Question 8

Match the following numbered items with the most accurate options.
A response may be used once, more than once, or not at all.
-A Ponzi pyramid scheme that requires more and more investment to pay earlier investors

Accepted Answer

A) Coalition 
B) Intuition 
C) Escalation of commitment 
D) Risk propensity 
E) Satisficing 
A) Coalition 
B) Intuition 
C) Escalation of commitment 
D) Risk propensity 
E) Satisficing

Question 9

Omega Inc., a large appliances company, went bankrupt because of a series of poor managerial decisions and a downturn in the economy. In retrospect, it would seem that there was too much emphasis on the group reaching a consensus decision whenever the managers were involved in decision making. As a result, many decisions by the managers at Omega were made to avoid conflict. What disadvantage of group decision making does this scenario represent?

Accepted Answer

A)  Domination 
B)  Groupthink 
C)  Irrationality 
D)  Satisficing 
E)  Coalitions 
A)  Domination 
B)  Groupthink 
C)  Irrationality 
D)  Satisficing 
E)  Coalitions

Question 10

Which of the following statements is true about the process of decision making?

Accepted Answer

A)  It ends when the decision situation has been defined. 
B)  It includes putting the chosen alternative to practice. 
C)  The first step in the process is to identify alternatives to a problem. 
D)  The process is said to be complete when a set of alternatives to a problem has been created. 
E)  In a business scenario, the decision-making process is always aimed at finding a way to increase profits. 
A)  It ends when the decision situation has been defined. 
B)  It includes putting the chosen alternative to practice. 
C)  The first step in the process is to identify alternatives to a problem. 
D)  The process is said to be complete when a set of alternatives to a problem has been created. 
E)  In a business scenario, the decision-making process is always aimed at finding a way to increase profits.

The Delphi group technique is a group decision-making technique in which:

The process of choosing one alternative from among a set of alternatives is called _____.

A(n) _____ is a form of group decision making in which a group arrives at a consensus of expert opinion.

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -Undesirable compromises

A(n) _____ is an informal alliance formed to achieve a common goal.

Match the following numbered items with the most accurate options. A response may be used once, more than once, or not at all. -A Ponzi pyramid scheme that requires more and more investment to pay earlier investors

Which of the following statements is true about the process of decision making?

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Filters

Exam 4: Managing Decision Making

The Delphi group technique is a group decision-making technique in which:

The process of choosing one alternative from among a set of alternatives is called _____.

A(n) _____ is a form of group decision making in which a group arrives at a consensus of expert opinion.

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -Undesirable compromises

A(n) _____ is an informal alliance formed to achieve a common goal.

Match the following numbered items with the most accurate options. A response may be used once, more than once, or not at all. -A Ponzi pyramid scheme that requires more and more investment to pay earlier investors

Which of the following statements is true about the process of decision making?

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Filters