Question 1

A problem is a difference between the current and desired performance or situation.

Accepted Answer

A) True 
 B)False

Question 2

Good timing plays an important part in successfully implementing a decision.

Accepted Answer

A) True 
 B)False

Question 3

Match the options below with the correct phrases:
-decision making

Accepted Answer

A) a decision based upon frequent, repeating, and/or predictable outcomes 
B) a mock-up or model of reality 
C) managers want to make the perfect decisions 
D) constraints that restrict decisions 
E) a method to determine the time it will take to recoup return on initial investment
F)quantity is important, everyone contributes, the more ideas the better
G)a mathematical model which analyzes optimization for competitive advantages
H)a group decision-making technique designed to allow equitable input from all members
I)the total process of identifying problems through the implementation of alternative choices
J)responses to written questionnaires are collected, consolidated, redistributed, collected, etc.
K)delivering raw materials to correspond with production schedules
L)not getting caught up in the old ways 
A) a decision based upon frequent, repeating, and/or predictable outcomes 
B) a mock-up or model of reality 
C) managers want to make the perfect decisions 
D) constraints that restrict decisions 
E) a method to determine the time it will take to recoup return on initial investment
F)quantity is important, everyone contributes, the more ideas the better
G)a mathematical model which analyzes optimization for competitive advantages
H)a group decision-making technique designed to allow equitable input from all members
I)the total process of identifying problems through the implementation of alternative choices
J)responses to written questionnaires are collected, consolidated, redistributed, collected, etc.
K)delivering raw materials to correspond with production schedules
L)not getting caught up in the old ways

Question 4

Match the options below with the correct phrases:
-opportunity

Accepted Answer

A) signals something is wrong 
B) a chance, occasion, event, or break-through that requires a decision to be made 
C) group members becoming so committed to the group that they become reluctant to disagree 
D) having a narrow viewpoint 
E) a method to analyze the long patron lines at amusement parks
F)potential solutions to the problem
G)the difference between the current and desired performance or situation
H)making the best of what you've got
I)a series of questions that guide the manager to the appropriate option
J)a decision based upon unique or uncertain consequences
K)a determination, judgment, or choice made after consideration of alternatives 
A) signals something is wrong 
B) a chance, occasion, event, or break-through that requires a decision to be made 
C) group members becoming so committed to the group that they become reluctant to disagree 
D) having a narrow viewpoint 
E) a method to analyze the long patron lines at amusement parks
F)potential solutions to the problem
G)the difference between the current and desired performance or situation
H)making the best of what you've got
I)a series of questions that guide the manager to the appropriate option
J)a decision based upon unique or uncertain consequences
K)a determination, judgment, or choice made after consideration of alternatives

Question 5

The "ultimate" alternative for decision making is a course of action that ____________.

Accepted Answer

A) provides various opportunities 
B) lowers the degree of risk 
C) eliminates all problems and maximizes opportunities 
D) maximizes the alternatives 
A) provides various opportunities 
B) lowers the degree of risk 
C) eliminates all problems and maximizes opportunities 
D) maximizes the alternatives

Question 6

An intuitive decision maker will be prone to collect facts and gather appropriate information.

Accepted Answer

A) True 
 B)False

Question 7

Match the options below with the correct phrases:
-Delphi technique

Accepted Answer

A) a decision based upon frequent, repeating, and/or predictable outcomes 
B) a mock-up or model of reality 
C) managers want to make the perfect decisions 
D) constraints that restrict decisions 
E) a method to determine the time it will take to recoup return on initial investment
F)quantity is important, everyone contributes, the more ideas the better
G)a mathematical model which analyzes optimization for competitive advantages
H)a group decision-making technique designed to allow equitable input from all members
I)the total process of identifying problems through the implementation of alternative choices
J)responses to written questionnaires are collected, consolidated, redistributed, collected, etc.
K)delivering raw materials to correspond with production schedules
L)not getting caught up in the old ways 
A) a decision based upon frequent, repeating, and/or predictable outcomes 
B) a mock-up or model of reality 
C) managers want to make the perfect decisions 
D) constraints that restrict decisions 
E) a method to determine the time it will take to recoup return on initial investment
F)quantity is important, everyone contributes, the more ideas the better
G)a mathematical model which analyzes optimization for competitive advantages
H)a group decision-making technique designed to allow equitable input from all members
I)the total process of identifying problems through the implementation of alternative choices
J)responses to written questionnaires are collected, consolidated, redistributed, collected, etc.
K)delivering raw materials to correspond with production schedules
L)not getting caught up in the old ways

Question 8

Predisposed decision model managers will often bias or prejudicially favor or disfavor specific alternatives.

Accepted Answer

A) True 
 B)False

Question 9

The high and low of risks is often correlated with the high and low of certainty,respectively.

Accepted Answer

A) True 
 B)False

Question 10

Expanding from specifics to generalities is known as the funnel approach.

Accepted Answer

A) True 
 B)False

Question 11

Brainstorming allows for and encourages group members to address ____________.

Accepted Answer

A) alternatives 
B) decisions 
C) evaluations 
D) criticisms 
A) alternatives 
B) decisions 
C) evaluations 
D) criticisms

Question 12

A technique that ranks alternative according to how long each takes to pay back its initial cost is:

Accepted Answer

A) payback analysis. 
B) nominal group technique. 
C) simulation. 
D) brainstorming. 
A) payback analysis. 
B) nominal group technique. 
C) simulation. 
D) brainstorming.

Question 13

Taking no action is sometimes the most appropriate alternative to decision making.

Accepted Answer

A) True 
 B)False

Question 14

An intuitive-thinking business student would readily accept or fit into an operations research management course.

Accepted Answer

A) True 
 B)False

Question 15

Decision points and competitive moves are elements of ____________.

Accepted Answer

A) a decision tree 
B) a simulation 
C) the Delphi technique 
D) payback analysis 
A) a decision tree 
B) a simulation 
C) the Delphi technique 
D) payback analysis

Question 16

Most of the steps in the decision-making process can be left out.

Accepted Answer

A) True 
 B)False

Question 17

Being innovative and able to see new ways of doing things do not aid the manager's decision making.

Accepted Answer

A) True 
 B)False

Question 18

The terms __________ are often used interchangeably.

Accepted Answer

A) opportunity and decision making 
B) problem solving and decision making 
C) problem solving and organizing 
D) organizing and staffing 
A) opportunity and decision making 
B) problem solving and decision making 
C) problem solving and organizing 
D) organizing and staffing

Question 19

Basically,a(n)____________ is a judgment reached after consideration.

Accepted Answer

A) fact 
B) situation 
C) inference 
D) decision 
A) fact 
B) situation 
C) inference 
D) decision

Question 20

The intuitive model of decision making uses ____________.

Accepted Answer

A) feelings 
B) critical information 
C) queuing models 
D) decision trees 
A) feelings 
B) critical information 
C) queuing models 
D) decision trees

A problem is a difference between the current and desired performance or situation.

Good timing plays an important part in successfully implementing a decision.

Match the options below with the correct phrases: -decision making

Match the options below with the correct phrases: -opportunity

The "ultimate" alternative for decision making is a course of action that ____________.

An intuitive decision maker will be prone to collect facts and gather appropriate information.

Match the options below with the correct phrases: -Delphi technique

Predisposed decision model managers will often bias or prejudicially favor or disfavor specific alternatives.

The high and low of risks is often correlated with the high and low of certainty,respectively.

Expanding from specifics to generalities is known as the funnel approach.

Brainstorming allows for and encourages group members to address ____________.

A technique that ranks alternative according to how long each takes to pay back its initial cost is:

Taking no action is sometimes the most appropriate alternative to decision making.

An intuitive-thinking business student would readily accept or fit into an operations research management course.

Decision points and competitive moves are elements of ____________.

Most of the steps in the decision-making process can be left out.

Being innovative and able to see new ways of doing things do not aid the manager's decision making.

The terms __________ are often used interchangeably.

Basically,a(n)____________ is a judgment reached after consideration.

The intuitive model of decision making uses ____________.

Management: An Overview

Management Thought: Past and Present

The Managers Environment

Planning and Strategy

Managements Commitments to Quality and Productivity

Organizing Principles

Organizational Design, Culture, and Change

Management Ethics and Social Responsibility

Staffing the Workforce

Communication: Interpersonal and Organizational

Human Motivation

Leadership

Team Management and Conflict

Information Management Systems

Control: Purpose, Process, and Techniques

Filters

Exam 6: Making Decisions

A problem is a difference between the current and desired performance or situation.

Good timing plays an important part in successfully implementing a decision.

Match the options below with the correct phrases: -decision making

Match the options below with the correct phrases: -opportunity

The "ultimate" alternative for decision making is a course of action that ____________.

An intuitive decision maker will be prone to collect facts and gather appropriate information.

Match the options below with the correct phrases: -Delphi technique

Predisposed decision model managers will often bias or prejudicially favor or disfavor specific alternatives.

The high and low of risks is often correlated with the high and low of certainty,respectively.

Expanding from specifics to generalities is known as the funnel approach.

Brainstorming allows for and encourages group members to address ____________.

A technique that ranks alternative according to how long each takes to pay back its initial cost is:

Taking no action is sometimes the most appropriate alternative to decision making.

An intuitive-thinking business student would readily accept or fit into an operations research management course.

Decision points and competitive moves are elements of ____________.

Most of the steps in the decision-making process can be left out.

Being innovative and able to see new ways of doing things do not aid the manager's decision making.

The terms __________ are often used interchangeably.

Basically,a(n)____________ is a judgment reached after consideration.

The intuitive model of decision making uses ____________.

Management: An Overview

Management Thought: Past and Present

The Managers Environment

Planning and Strategy

Managements Commitments to Quality and Productivity

Organizing Principles

Organizational Design, Culture, and Change

Management Ethics and Social Responsibility

Staffing the Workforce

Communication: Interpersonal and Organizational

Human Motivation

Leadership

Team Management and Conflict

Information Management Systems

Control: Purpose, Process, and Techniques

Filters