Question 1

Hubbard,Rice and Galvin's questions to determine where and how groups make decisions do NOT include:

Accepted Answer

A) Is there one or more key opinion leaders in the group? 
B) Is there a second chance,if the proposal is not accepted? 
C) Is the group homogenous? 
D) Are there any individuals in the group who would be particularly affected by the proposal? 
A) Is there one or more key opinion leaders in the group? 
B) Is there a second chance,if the proposal is not accepted? 
C) Is the group homogenous? 
D) Are there any individuals in the group who would be particularly affected by the proposal?

Question 2

According to Tichy and Bennis,good decision makers do NOT do which of the following?

Accepted Answer

A) Engage and energise stakeholders 
B) Cut through complexity to get to the issue 
C) Stay involved during execution 
D) Analyse the industry structure 
A) Engage and energise stakeholders 
B) Cut through complexity to get to the issue 
C) Stay involved during execution 
D) Analyse the industry structure

Question 3

In making strategic choices,the most attractive options should always be pursued.

Accepted Answer

A) True 
 B)False

Question 4

One of the negative aspects of political decision-making is that it:

Accepted Answer

A) focuses the decision maker on the need to display strong entrepreneurship to control power 
B) focuses the decision maker on the need for the decision to be made at a point in time 
C) both A & B 
D) none of the options are correct 
A) focuses the decision maker on the need to display strong entrepreneurship to control power 
B) focuses the decision maker on the need for the decision to be made at a point in time 
C) both A & B 
D) none of the options are correct

Question 5

A dialectic enquiry is not suitable for decisions of high risk.

Accepted Answer

A) True 
 B)False

Question 6

Rational decisions are conscious,explicit,and deliberate.

Accepted Answer

A) True 
 B)False

Question 7

Hubbard et al.'s 'helpful techniques when assessing alternatives' include:

Accepted Answer

A) brainstorming,devil's advocacy,expert plan,dialectic materialism,simulation,war games 
B) brainstorming,devil's advocacy,simple plan,dialectic enquiry,nominal group technique 
C) brainstorming,nominal groups,devil's advocacy,expert plan,dialectic enquiry,simulation,war games 
D) brainstorming,devil's advocacy,simple plan,didactic enquiry,nominal group technique 
A) brainstorming,devil's advocacy,expert plan,dialectic materialism,simulation,war games 
B) brainstorming,devil's advocacy,simple plan,dialectic enquiry,nominal group technique 
C) brainstorming,nominal groups,devil's advocacy,expert plan,dialectic enquiry,simulation,war games 
D) brainstorming,devil's advocacy,simple plan,didactic enquiry,nominal group technique

Question 8

The process of 'satisficing' calls for conducting a limited rather than exhaustive search of possible alternatives.

Accepted Answer

A) True 
 B)False

Question 9

One of the 'mainstream' sub-sets of Hubbard,Rice and Galvin's 'model of effective decision making' does NOT follow the order:

Accepted Answer

A) involve several people,agree on goals,search,evaluate risk 
B) make decision,engage implementers,communicate decision,assess outcomes 
C) search,evaluate risk,make decision,communicate decision 
D) none of the above 
A) involve several people,agree on goals,search,evaluate risk 
B) make decision,engage implementers,communicate decision,assess outcomes 
C) search,evaluate risk,make decision,communicate decision 
D) none of the above

Question 10

Cognitive maps have blind spots.

Accepted Answer

A) True 
 B)False

Question 11

The criteria that apply to rational decisions do NOT include a requirement that they:

Accepted Answer

A) allow for interdependent means and ends 
B) are fully informed 
C) are internally consistent and logical 
D) aim at achieving the end goal 
A) allow for interdependent means and ends 
B) are fully informed 
C) are internally consistent and logical 
D) aim at achieving the end goal

Question 12

The inability to understand how decisions are made limits the ability to predict how future decisions will be made.

Accepted Answer

A) True 
 B)False

Question 13

One of the positive aspects of political decision-making is that it:

Accepted Answer

A) encourages more outcomes to be explored 
B) enables decision makers to resist pressure from key stakeholders 
C) both of the above 
D) none of the above 
A) encourages more outcomes to be explored 
B) enables decision makers to resist pressure from key stakeholders 
C) both of the above 
D) none of the above

Question 14

In relation to problems of interpretation:

Accepted Answer

A) to make sense of ambiguous events,interpretation can provide certainty of knowledge 
B) rational decision-making assumes subjective interpretation 
C) individuals are accurate and truthful in their interpretations of past events 
D) individuals are biased in their interpretations of past events 
A) to make sense of ambiguous events,interpretation can provide certainty of knowledge 
B) rational decision-making assumes subjective interpretation 
C) individuals are accurate and truthful in their interpretations of past events 
D) individuals are biased in their interpretations of past events

Question 15

Good group decisions are characterised by:

Accepted Answer

A) individuality,trust and loyalty,shared belief system,groupthink 
B) groupthink,respect for individual,consensus,secret voting 
C) trust,shared belief system,high degree of cooperation,loyalty 
D) individuality,leadership,communication skills,groupthink 
A) individuality,trust and loyalty,shared belief system,groupthink 
B) groupthink,respect for individual,consensus,secret voting 
C) trust,shared belief system,high degree of cooperation,loyalty 
D) individuality,leadership,communication skills,groupthink

Question 16

Interpretation issues within behavioural economics include:

Accepted Answer

A) framing,anchoring,sunk costs,status quo,herding,representativeness,overconfidence 
B) fixating,anchoring,sunk costs,status quo,herding,unrepresentativeness,overconfidence 
C) feeding,anchoring,skunk works,status quo,herding,representativeness,underconfidence 
D) framing,anchoring,sinking,statusing,herding,unrepresentativeness,underconfidence 
A) framing,anchoring,sunk costs,status quo,herding,representativeness,overconfidence 
B) fixating,anchoring,sunk costs,status quo,herding,unrepresentativeness,overconfidence 
C) feeding,anchoring,skunk works,status quo,herding,representativeness,underconfidence 
D) framing,anchoring,sinking,statusing,herding,unrepresentativeness,underconfidence

Question 17

Hamel argues that the hierarchy of decision-making levels,from most to least powerful,is:

Accepted Answer

A) rational decision-making,mental models,political decision-making 
B) political decision-making,rational decision-making,mental models 
C) mental models,political decision-making,rational decision-making 
D) political decision-making,mental models,rational decision-making 
A) rational decision-making,mental models,political decision-making 
B) political decision-making,rational decision-making,mental models 
C) mental models,political decision-making,rational decision-making 
D) political decision-making,mental models,rational decision-making

Question 18

Information asymmetry happens when one party knows more relevant information than another,often placing one at a serious disadvantage.

Accepted Answer

A) True 
 B)False

Hubbard,Rice and Galvin's questions to determine where and how groups make decisions do NOT include:

According to Tichy and Bennis,good decision makers do NOT do which of the following?

In making strategic choices,the most attractive options should always be pursued.

One of the negative aspects of political decision-making is that it:

A dialectic enquiry is not suitable for decisions of high risk.

Rational decisions are conscious,explicit,and deliberate.

Hubbard et al.'s 'helpful techniques when assessing alternatives' include:

The process of 'satisficing' calls for conducting a limited rather than exhaustive search of possible alternatives.

One of the 'mainstream' sub-sets of Hubbard,Rice and Galvin's 'model of effective decision making' does NOT follow the order:

Cognitive maps have blind spots.

The criteria that apply to rational decisions do NOT include a requirement that they:

The inability to understand how decisions are made limits the ability to predict how future decisions will be made.

One of the positive aspects of political decision-making is that it:

In relation to problems of interpretation:

Good group decisions are characterised by:

Interpretation issues within behavioural economics include:

Hamel argues that the hierarchy of decision-making levels,from most to least powerful,is:

Information asymmetry happens when one party knows more relevant information than another,often placing one at a serious disadvantage.

What Is Strategy

Analysing Business Strategy: Creating Value

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Dynamic Competitive Strategy

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

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Exam 7: Strategic Decision-Making

Hubbard,Rice and Galvin's questions to determine where and how groups make decisions do NOT include:

According to Tichy and Bennis,good decision makers do NOT do which of the following?

In making strategic choices,the most attractive options should always be pursued.

One of the negative aspects of political decision-making is that it:

A dialectic enquiry is not suitable for decisions of high risk.

Rational decisions are conscious,explicit,and deliberate.

Hubbard et al.'s 'helpful techniques when assessing alternatives' include:

The process of 'satisficing' calls for conducting a limited rather than exhaustive search of possible alternatives.

One of the 'mainstream' sub-sets of Hubbard,Rice and Galvin's 'model of effective decision making' does NOT follow the order:

Cognitive maps have blind spots.

The criteria that apply to rational decisions do NOT include a requirement that they:

The inability to understand how decisions are made limits the ability to predict how future decisions will be made.

One of the positive aspects of political decision-making is that it:

In relation to problems of interpretation:

Good group decisions are characterised by:

Interpretation issues within behavioural economics include:

Hamel argues that the hierarchy of decision-making levels,from most to least powerful,is:

Information asymmetry happens when one party knows more relevant information than another,often placing one at a serious disadvantage.

What Is Strategy

Analysing Business Strategy: Creating Value

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Dynamic Competitive Strategy

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

Filters