Exam 6: Making Decisions

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Poor decisions are often a product of limited alternatives.

(True/False)
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Managers develop potential alternatives or solutions in order to ____________.

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Sources for decision alternatives are very limited in most situations.

(True/False)
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Which of the following is an example of a limiting factor?

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Match the options below with the correct phrases: -payback analysis

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Decision making is a common component in all five functions of management.

(True/False)
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The difference between programmed and nonprogrammed decisions is:

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Some decisions cause more problems than they solve.

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

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In view of what the authors wrote regarding opportunities for decision making,____________ ____________ would be a close description or interchangeable term for opportunities.

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Match the options below with the correct phrases: -brainstorming

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We all have the same amount of time;therefore,time is not a limiting resource.

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An advantage to using the Delphi technique is that it is not expensive or time-consuming.

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If a chairperson preparing for a high school reunion solicited,consolidated,and redistributed written questionnaire responses from previous fellow classmates,this decision-making technique would be called ____________.

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Peter Drucker,renowned business and management author,states that the most common source of mistakes for managers making decisions regards ____________.

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Which of the following is not one of the types of approaches to personal decision making?

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High certainty is less taxing than high uncertainty for managers making decisions.

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The initial step in the decision-making process is to ____________.

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The progression of questions and answers in a decision tree should "pictorially" paint a decision.

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

(Multiple Choice)
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