Exam 6: Making Decisions

Managers need to be cautious about biases that can encroach and therefore impact their decisions. Which of the following biases results from believing certain outcomes because others believe the same?

Compare the advantages gained when a manager utilizes group versus individual decision making.

Peter often asks his colleagues for their ideas and suggestions in order to make a decision. However, he never gives credit to the individuals who give him the ideas and passes the ideas off as his own. Which of the following orientations does Peter have?

Programmed decisions are ________.

An individual's tendency to believe they are less susceptible to risky events than others is referred to as ________.

In the nominal group technique of decision making, after all the members have discussed the ideas, they ________.

Management decision makers generally choose and implement an alternative with the ________ expected value.

The first step in the decision-making process is to ________.

________ refers to situations where the probability that a particular outcome will occur is not known in advance.

The formula for expected value (EV) is ________.

The rational decision-making process offers an organized and systematic process, but can be thrown completely off and render a useless decision if which key step is incorrect?

The ________ of the decision refers to the proportion of the total management system that will be affected by the decision.

What are the orientations of weak decision makers?

A manager who believes the source of good ideas is outside themself and therefore is willing to take the ideas of others as their own has a/an ________ decision making orientation.

A manager's use of judgment, intuition, and creativity would most likely be classified as ________.

The first step in the Delphi technique is ________.

What is a decision? Explain the difference between programmed and nonprogrammed decisions.

The main disadvantage of arriving at decisions through consensus is ________.

Which group decision making process should managers use if they have observed their individual employees are less likely to offer input when working in a group of peers?

Even though Amy is the leader of a team, she finds it very hard to make decisions on her own. She often asks her colleagues for their opinion on matters that come up and relies on these inputs to make the final decision. Which of the following decision-making orientations does Amy have?