Exam 6: Managerial Decision Making

Managers are considered to have a(n) __________ style when they prefer to consider complex solutions based on as much data as they can gather.

People who prefer simple, clear-cut solutions to problems often use the directive style of decision making.

What does the term bounded rationality mean?

Satisficing means that decision makers choose the first solution alternative that satisfies minimal decision criteria regardless of whether better solutions are expected to exist.

List the eight questions Kepner and Tregoe recommend that managers ask when diagnosing and analyzing causes.

__________ means that decision makers choose the first solution alternative that satisfies minimal decision criteria.

All of the following are cognitive biases that can affect a manager's judgment, EXCEPT ______.

__________ combines intuitive and analytical thought.

Step 1 in the managerial decision-making process is recognition of decision requirement.

Managers who use a __________ style of decision making are efficient and rational and prefer to rely on existing rules or procedures for making decisions.

The __________ style of decision making is often the style adopted by managers having a deep concern for others as individuals.

The tendency to put too much value on evidence that is consistent with a favored belief or viewpoint and too little on evidence that contradicts a favored position is called __________ 

The behavioral style of decision making is often adopted by managers who like to consider complex solutions based on as much data as they can gather

In the __________, managers invest time in reviewing the results of decisions and learn from them.

The formulation stage of managerial decision making involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out.

When managers base decisions on what has worked in the past and fail to explore new options, they are ______.

List the guidelines of innovative group decision making in today's businesses.

The tendency to continue investing in a failing project in the hope of turning it around is called the __________

Groupthink refers to the tendency of people in groups to suppress contrary opinions.

Bierderlack has a policy that states that people who are hired for entry-level clerical positions must have a high school diploma or the equivalent.When applications are received for entry-level clerical positions, applicants who do not have a high school diploma or an equivalent are automatically rejected.This is an example of ______.