Question 1

All criteria are equally important in the decision-making process.

Accepted Answer

A) True 
 B)False

Question 2

What advantages does videoconferencing provide for group decision making?

Accepted Answer

A) anonymous expression of opinions 
B) less groupthink 
C) less minority domination 
D) savings on travel and time 
A) anonymous expression of opinions 
B) less groupthink 
C) less minority domination 
D) savings on travel and time

Question 3

Decisions, Decisions (Scenario)
Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently used or purchase an entirely new system? Sondra was confused and needed help in making the correct decision.
-Sondra has determined that the speed of the system she settles on is twice as important as the capacity of the system.Which stage of the decision-making process is she carrying out?

Accepted Answer

A) allocation of weights to criteria 
B) selecting an alternative 
C) implementing the alternative 
D) identifying the problem 
A) allocation of weights to criteria 
B) selecting an alternative 
C) implementing the alternative 
D) identifying the problem

Question 4

Structured problems are ________.

Accepted Answer

A) ambiguous 
B) undefined and vague 
C) clear and straightforward 
D) incomplete 
A) ambiguous 
B) undefined and vague 
C) clear and straightforward 
D) incomplete

Question 5

Following the directions to put together an elliptical exercise machine is an example of which way to solve a problem?

Accepted Answer

A) procedure 
B) rule 
C) general practice 
D) policy 
A) procedure 
B) rule 
C) general practice 
D) policy

Question 6

A basketball coach who takes a very good shooter out of a game because she missed her last two shots has availability bias.

Accepted Answer

A) True 
 B)False

Question 7

Intuitive decision making cannot be a part of the rational decision-making process.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is NOT assumed in a rational decision?

Accepted Answer

A) a clear and specific goal 
B) a clear and unambiguous problem 
C) Most alternatives and consequences are known. 
D) Value is maximized. 
A) a clear and specific goal 
B) a clear and unambiguous problem 
C) Most alternatives and consequences are known. 
D) Value is maximized.

Question 9

Unstructured problems are ________.

Accepted Answer

A) perfectly rational 
B) clear and straightforward 
C) situations in which all options are known 
D) situations in which all options are not known 
A) perfectly rational 
B) clear and straightforward 
C) situations in which all options are known 
D) situations in which all options are not known

Question 10

Implementing a procedure requires more judgment and interpretation than implementing a policy.

Accepted Answer

A) True 
 B)False

Question 11

A top-level manager is most likely to solve problems under which condition?

Accepted Answer

A) certainty 
B) risk 
C) uncertainty 
D) high certainty 
A) certainty 
B) risk 
C) uncertainty 
D) high certainty

Question 12

A manager has a choice of three investment funds.To assess them, he looks at their past investment records over the previous five years.The manager is operating under which condition?

Accepted Answer

A) certainty 
B) probability 
C) uncertainty 
D) risk 
A) certainty 
B) probability 
C) uncertainty 
D) risk

Question 13

A decision criterion defines factors that are relevant in a decision.

Accepted Answer

A) True 
 B)False

Question 14

In decision making, a problem can be defined as a discrepancy between what exists and what the problem solver desires to exist.

Accepted Answer

A) True 
 B)False

Question 15

Decisions, Decisions (Scenario)
Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently used or purchase an entirely new system? Sondra was confused and needed help in making the correct decision.
-According to the decision-making process, the first step Sondra should take is to ________.

Accepted Answer

A) analyze alternative solutions 
B) identify decision criteria 
C) evaluate her decision's effectiveness 
D) identify the problem 
A) analyze alternative solutions 
B) identify decision criteria 
C) evaluate her decision's effectiveness 
D) identify the problem

Question 16

One advantage of group decision making is that it usually provides ________ than individual decision making.

Accepted Answer

A) faster decisions 
B) more ethical decisions 
C) less confusion 
D) more information 
A) faster decisions 
B) more ethical decisions 
C) less confusion 
D) more information

Question 17

The final step of the decision-making process is to implement the alternative that has been selected.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following traits do all creative people seem to share?

Accepted Answer

A) They like to save time. 
B) They get along well with others. 
C) They love their work. 
D) They don't like to work hard. 
A) They like to save time. 
B) They get along well with others. 
C) They love their work. 
D) They don't like to work hard.

Question 19

Which three conditions do decision makers face?

Accepted Answer

A) certainty, risk, uncertainty 
B) certainty, uncertainty, confidence 
C) risk, high risk, low risk 
D) certainty, risk, high risk 
A) certainty, risk, uncertainty 
B) certainty, uncertainty, confidence 
C) risk, high risk, low risk 
D) certainty, risk, high risk

Question 20

Which of the following is a drawback to seeking diverse views in decision making?

Accepted Answer

A) less reliable decision 
B) easier decision-making process 
C) more time consuming 
D) less time consuming 
A) less reliable decision 
B) easier decision-making process 
C) more time consuming 
D) less time consuming

All criteria are equally important in the decision-making process.

What advantages does videoconferencing provide for group decision making?

Structured problems are ________.

Following the directions to put together an elliptical exercise machine is an example of which way to solve a problem?

A basketball coach who takes a very good shooter out of a game because she missed her last two shots has availability bias.

Intuitive decision making cannot be a part of the rational decision-making process.

Which of the following is NOT assumed in a rational decision?

Unstructured problems are ________.

Implementing a procedure requires more judgment and interpretation than implementing a policy.

A top-level manager is most likely to solve problems under which condition?

A manager has a choice of three investment funds.To assess them, he looks at their past investment records over the previous five years.The manager is operating under which condition?

A decision criterion defines factors that are relevant in a decision.

In decision making, a problem can be defined as a discrepancy between what exists and what the problem solver desires to exist.

One advantage of group decision making is that it usually provides ________ than individual decision making.

The final step of the decision-making process is to implement the alternative that has been selected.

Which of the following traits do all creative people seem to share?

Which three conditions do decision makers face?

Which of the following is a drawback to seeking diverse views in decision making?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Entrepreneurship Module

Appendix: Quantitative Module

Appendix: Career Module

Filters

Exam 4: Foundations of Decision Making

All criteria are equally important in the decision-making process.

What advantages does videoconferencing provide for group decision making?

Structured problems are ________.

Following the directions to put together an elliptical exercise machine is an example of which way to solve a problem?

A basketball coach who takes a very good shooter out of a game because she missed her last two shots has availability bias.

Intuitive decision making cannot be a part of the rational decision-making process.

Which of the following is NOT assumed in a rational decision?

Unstructured problems are ________.

Implementing a procedure requires more judgment and interpretation than implementing a policy.

A top-level manager is most likely to solve problems under which condition?

A manager has a choice of three investment funds.To assess them, he looks at their past investment records over the previous five years.The manager is operating under which condition?

A decision criterion defines factors that are relevant in a decision.

In decision making, a problem can be defined as a discrepancy between what exists and what the problem solver desires to exist.

One advantage of group decision making is that it usually provides ________ than individual decision making.

The final step of the decision-making process is to implement the alternative that has been selected.

Which of the following traits do all creative people seem to share?

Which three conditions do decision makers face?

Which of the following is a drawback to seeking diverse views in decision making?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Entrepreneurship Module

Appendix: Quantitative Module

Appendix: Career Module

Filters