Exam 8: Managerial Decision Making

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The step in the decision making process in which managers analyze the underlying causal factors associated with the situation is called ____________________.

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Good examples of ____ decisions are strategic decisions.

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The ____ step in the decision making process involves using managerial, administrative, and persuasive abilities to translate the chosen alternative into action.

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If your instructor has an attendance policy, she/he is using a

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In many respects, the ____________________ model represents an "ideal" model decision-making and can't usually be attained by real people in real organizations.

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The tendency of organizations to invest time and money in a solution despite strong evidence that is not appropriate is referred to as

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Once the problem or opportunity has been recognized and analyzed, the decision-maker should implement the alternative.

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The ____________________ model of decision making describes how managers actually make decisions in difficult situations, such as those characterized by nonprogrammed decision, uncertainty, and ambiguity.

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Nordstrom Department store's "No questions asked - Return's Policy" is an example of a(n)

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____ decisions are associated with decision rules.

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Managers might block or distort negative information because they don't want to be responsible for a bad decision.

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____________________ is the process of identifying problems and opportunities and then resolving them.

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According to the administrative model of decision making, managers' searches for alternative are limited because of human, information, and resource constraints.

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According to MANAGER'S SHOPTALK in chapter 8, which of the following is not an idea for applying evidence-based decision making?

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The concept that people have the time and cognitive ability to process only a limited amount of information on which to base decisions is known as

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The condition under which ambiguity occurs include

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Which of the following is a choice made from available alternatives?

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____ is the approach that defines how a decision maker should make decisions and provides guidelines for reaching an ideal outcome for the organization.

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Most bad decisions are errors in judgment that originate in the human mind's limited capacity and in the natural biases of the manager.

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____________________ is the process of forming alliances among managers.

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