Exam 6: Making Decisions

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Match the options below with the correct phrases: -decision

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When people participate in groups,they are more likely to:

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Management styles of decision making are derived merely from experiences.

(True/False)
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Match the options below with the correct phrases: -limiting factors

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Match the options below with the correct phrases: -just-in-time inventory

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Match the options below with the correct phrases: -problem

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Once decisions are made,they do not have to be supported and accepted by others.

(True/False)
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Managers should use programmed decisions when faced with unique circumstances.

(True/False)
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By using a just-in-time production system,organization limit the need for ____________.

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The Vroom and Yetton decision tree is used to determine the appropriate degree of subordinate involvement in the decision-making process.

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Satisficing means working with a maximum level of "givens" for decision making.

(True/False)
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Rules,policies,and procedures can impede effective decision making.

(True/False)
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Match the options below with the correct phrases: -game theory

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Simply stated,decision making is a selection process of narrowing alternatives down to the best choice.

(True/False)
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Complex,high uncertainty problems should be addressed informally.

(True/False)
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Similar to managerial functions,control must be the final step in decision making.

(True/False)
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The best decisions are based solely on the decision maker's intuition.

(True/False)
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Managers should strive to maximize advantages and minimize disadvantages when making decisions.

(True/False)
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With a high degree of confidence and predictability,a manager should make a programmed approach to decisions.

(True/False)
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Bank and credit union managers would be wise to use which decision tool to accommodate walk-in "depositors" on payday?

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