Exam 14: Decision Making

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Gathering information and/or studying a situation can help a decision maker reduce the degree of uncertainty in decision-making.

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What are the basic assumptions of the bounded rationality approach to decision-making?

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In this approach,the decision makers are assumed to have a limited or incomplete view of the problems or opportunities facing them.

When does an uncertain situation exist?

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It exists when managers are unable to assign a probability to various decisions and their possible outcomes.

When determining problem significance,urgency _____________.

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Determining problem significance involves consideration of all of the following except:

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What are four of the most cited reasons why decision makers still make unethical choices? Which of these do you believe presents the strongest motivator to act unethically?

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Identify the steps in the decision-making process.

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Problems usually are of three types.Which of the following is not one of those types?

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How do values impact the establishment of objectives?

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The first step in the rational decision-making process is _____________.

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Which of the following is the best example of a programmed decision?

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As we move from "individual" to "consensus" decisions,the _______________ of the decision typically improves.

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In _______________,it is necessary to make value judgments regarding the selection of opportunities and the assignment of priorities.

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Explain the role of behavioral influences on decision making.

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Describe the influence of values on the decision-making process.

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A problem with low urgency and little impact will not grow if left unattended.

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What characteristic or situations may make individuals likely to be candidates for escalation of decision making?

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The management of most organizations faces primarily nonprogrammed decisions during daily operations.

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Defining problems in terms of solutions is really a form of jumping to conclusions.

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There is some degree of "satisfying" in almost all decisions that people make.

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