Exam 2: Decision Making

Harriet's machine has stopped working again. She consulted the operator's manual troubleshooting guide to find a solution. Harriet used a ________.

A policy ________.

Give an example of evidence-based management. Remember to include all of the essential elements.

Design thinking suggests that managers should look at problem identification collaboratively and integratively with the goal of ________.

Managers are assumed to use ________ if they make logical and consistent choices to maximize value.

Amanda, a single parent, is looking for a new job. Considering that she has two school-aged children, she is particularly keen on finding an employer who can provide her with alternative work arrangements such as flexible work hours and telecommuting. In terms of the decision-making process, these represent Amanda's ________.

When decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgments, they are exhibiting the ________ bias.

Before actually putting the decision into action, the decision-maker may find it prudent to ________.

Lucas always seems to "know" exactly what to do in any given situation. At least that's what he'll tell you. But his ideas don't always work and his overall performance as scored by his supervisor isn't nearly as great as he thinks it is. Lucas is exhibiting the ________.

Structured problems align well with which type of decisions?

"All employees must be at their work stations and ready to work by the time the buzzer sounds." This is an example of ________.

________ is a situation in which a decision maker cannot make reasonable probability estimates.

Which of the following is an aspect of intuition?

Managers use decision-making in every function, from planning to controlling.

Creativity is most essential in which of the following steps of the decision-making process?

Sales of the high-end units have declined. The owners want Arnold, the CEO, to increase revenues to previous levels. His first action should be ________.

________ are straightforward, familiar, and easily defined.

Evelyn's Internet search for information about "vendor for machine screws" yielded more than 100,000 items. Evelyn did not have time or resources to pursue each of these so she limited her search to only vendors in her state. By doing this, Evelyn used ________.

A problem can best be described as ________.

What can a manager do to make effective decisions in today's fast-moving world?