Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

____ is the last step in the decision making process.

Accepted Answer

A)  Evaluation and feedback 
B)  Development of alternatives 
C)  Implementation of chosen alternative 
D)  Selection of desired requirement 
E)  Recognition of decision requirement 
A)  Evaluation and feedback 
B)  Development of alternatives 
C)  Implementation of chosen alternative 
D)  Selection of desired requirement 
E)  Recognition of decision requirement

Question 3

The recognition of the decision requirement step in the managerial decision making process requires managers to

Accepted Answer

A)  develop alternative solutions. 
B)  integrate information in novel ways. 
C)  use the classical model of decision making. 
D)  focus on generating ideas. 
E)  select undesirable alternatives. 
A)  develop alternative solutions. 
B)  integrate information in novel ways. 
C)  use the classical model of decision making. 
D)  focus on generating ideas. 
E)  select undesirable alternatives.

Question 4

The essence of ____ is to choose the first solution available.

Accepted Answer

A)  bounded rationality 
B)  creativity 
C)  decision maximization 
D)  satisficing 
E)  the classical model of decision making 
A)  bounded rationality 
B)  creativity 
C)  decision maximization 
D)  satisficing 
E)  the classical model of decision making

Question 5

For a non-programmed decision, feasible alternatives are hard to identify and in fact are already available within the organization's rules and procedures.

Accepted Answer

A) True 
 B)False

Question 6

Differences among people with respect to how they perceive problems and make decisions is called ____________________.

Accepted Answer

The answer of Differences among people with respect to how...

Question 7

For a programmed decision,

Accepted Answer

A)  alternatives are usually difficult to identify. 
B)  alternatives are usually easy to identify. 
C)  there are usually few alternatives. 
D)  there are usually few alternatives and they are difficult to identify. 
E)  there are no alternatives. 
A)  alternatives are usually difficult to identify. 
B)  alternatives are usually easy to identify. 
C)  there are usually few alternatives. 
D)  there are usually few alternatives and they are difficult to identify. 
E)  there are no alternatives.

Question 8

Normative means it defines how a decision maker should make decisions.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is a decision-making technique in which people are assigned to express competing points of view?

Accepted Answer

A)  Point-counterpoint 
B)  Devil's advocate 
C)  Debate 
D)  Groupthink 
E)  Brainwriting 
A)  Point-counterpoint 
B)  Devil's advocate 
C)  Debate 
D)  Groupthink 
E)  Brainwriting

Question 10

Which of these assumptions are included in the classical model of decision making?

Accepted Answer

A)  Problems are unstructured and ill defined. 
B)  The decision-maker strives for conditions of certainty. 
C)  Criteria for evaluating alternatives are unknown. 
D)  The decision-maker selects the alternatives that will minimize the economic return to the organization. 
E)  The situation is always uncertain. 
A)  Problems are unstructured and ill defined. 
B)  The decision-maker strives for conditions of certainty. 
C)  Criteria for evaluating alternatives are unknown. 
D)  The decision-maker selects the alternatives that will minimize the economic return to the organization. 
E)  The situation is always uncertain.

Question 11

All of these are basic assumptions of the political model EXCEPT

Accepted Answer

A)  organizations are made up of groups with diverse interests, goals, and values. 
B)  information is clear and complete. 
C)  managers do not have the time, resources, or mental capacity to identify all dimensions of the problem. 
D)  managers engage in the push and pull of debate to decide goals and discuss alternatives. 
E)  all of these are basic assumptions of the political model. 
A)  organizations are made up of groups with diverse interests, goals, and values. 
B)  information is clear and complete. 
C)  managers do not have the time, resources, or mental capacity to identify all dimensions of the problem. 
D)  managers engage in the push and pull of debate to decide goals and discuss alternatives. 
E)  all of these are basic assumptions of the political model.

Question 12

All of the following are cognitive biases that can affect manager's judgment EXCEPT

Accepted Answer

A)  being influenced by initial impressions. 
B)  justifying past decisions. 
C)  seeing what you don't want to see. 
D)  perpetuating the status quo. 
E)  overconfidence. 
A)  being influenced by initial impressions. 
B)  justifying past decisions. 
C)  seeing what you don't want to see. 
D)  perpetuating the status quo. 
E)  overconfidence.

Question 13

Interestingly, major decisions in the business world are commonly made by an individual.

Accepted Answer

A) True 
 B)False

Question 14

Two classifications of management decisions are programmed and structured.

Accepted Answer

A) True 
 B)False

Question 15

The process of forming alliances among managers is called coalition building.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return?

Accepted Answer

A)  Tunnel vision 
B)  Risk propensity 
C)  Risk averse 
D)  Thrill seeking 
E)  Ineffective investment philosophy 
A)  Tunnel vision 
B)  Risk propensity 
C)  Risk averse 
D)  Thrill seeking 
E)  Ineffective investment philosophy

Question 17

The ability to make ____ decisions is a critical skill in today's fast-moving organizations.

Accepted Answer

A)  fast 
B)  widely supported 
C)  high-quality 
D)  frequent 
E)  all of these 
A)  fast 
B)  widely supported 
C)  high-quality 
D)  frequent 
E)  all of these

Question 18

____________________ means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable.

Accepted Answer

The answer of ____________________ means that the goals to be...

Question 19

When managers know which goals they wish to achieve, but information about alternatives and future events is incomplete, the conditions of ____ exists.

Accepted Answer

A)  risk 
B)  uncertainty 
C)  ambiguity 
D)  certainty 
E)  problematic 
A)  risk 
B)  uncertainty 
C)  ambiguity 
D)  certainty 
E)  problematic

Question 20

Bobby, a product manager, wants to increase the market share of his product. He is unsure about how to go about it, not knowing for sure how costs, price, the competition, and the quality of his product will interact to influence market share. Bobby is operating under a condition of

Accepted Answer

A)  risk. 
B)  ambiguity. 
C)  certainty. 
D)  uncertainty. 
E)  brainstorming. 
A)  risk. 
B)  ambiguity. 
C)  certainty. 
D)  uncertainty. 
E)  brainstorming.

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

____ is the last step in the decision making process.

The recognition of the decision requirement step in the managerial decision making process requires managers to

The essence of ____ is to choose the first solution available.

For a non-programmed decision, feasible alternatives are hard to identify and in fact are already available within the organization's rules and procedures.

Differences among people with respect to how they perceive problems and make decisions is called ____________________.

For a programmed decision,

Normative means it defines how a decision maker should make decisions.

Which of the following is a decision-making technique in which people are assigned to express competing points of view?

Which of these assumptions are included in the classical model of decision making?

All of these are basic assumptions of the political model EXCEPT

All of the following are cognitive biases that can affect manager's judgment EXCEPT

Interestingly, major decisions in the business world are commonly made by an individual.

Two classifications of management decisions are programmed and structured.

The process of forming alliances among managers is called coalition building.

Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return?

The ability to make ____ decisions is a critical skill in today's fast-moving organizations.

____________________ means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable.

When managers know which goals they wish to achieve, but information about alternatives and future events is incomplete, the conditions of ____ exists.

Bobby, a product manager, wants to increase the market share of his product. He is unsure about how to go about it, not knowing for sure how costs, price, the competition, and the quality of his product will interact to influence market share. Bobby is operating under a condition of

Innovative Management for Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Strategy Formulation and Implementation

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

Managing Small Business Start-Ups

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Exam 8: Managerial Decision Making

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

____ is the last step in the decision making process.

The recognition of the decision requirement step in the managerial decision making process requires managers to

The essence of ____ is to choose the first solution available.

For a non-programmed decision, feasible alternatives are hard to identify and in fact are already available within the organization's rules and procedures.

Differences among people with respect to how they perceive problems and make decisions is called ____________________.

For a programmed decision,

Normative means it defines how a decision maker should make decisions.

Which of the following is a decision-making technique in which people are assigned to express competing points of view?

Which of these assumptions are included in the classical model of decision making?

All of these are basic assumptions of the political model EXCEPT

All of the following are cognitive biases that can affect manager's judgment EXCEPT

Interestingly, major decisions in the business world are commonly made by an individual.

Two classifications of management decisions are programmed and structured.

The process of forming alliances among managers is called coalition building.

Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return?

The ability to make ____ decisions is a critical skill in today's fast-moving organizations.

____________________ means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable.

When managers know which goals they wish to achieve, but information about alternatives and future events is incomplete, the conditions of ____ exists.

Bobby, a product manager, wants to increase the market share of his product. He is unsure about how to go about it, not knowing for sure how costs, price, the competition, and the quality of his product will interact to influence market share. Bobby is operating under a condition of

Innovative Management for Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Strategy Formulation and Implementation

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

Managing Small Business Start-Ups

Filters