Exam 5: Decision Making, Learning, Creativity, and Entrepreneurship

Casey, the accountant for a small firm, pays the real estate taxes seven days before they are due. This represents which type of decision?

Discuss the assumptions that underlie the classical model of decision-making.

The purchasing manager for Telsa Motor Co. decides to call three suppliers of automobile windshields for a bid on an order for 1,000 windshields for a new Ford car, instead of calling a hundred possible windshield suppliers for such a bid. What type of decision does this represent?

Adrian, a manager of the research and development team of an organization, challenges his subordinates to "think outside the box" to improve the way the unit does its work. Adrian is focusing on ________.

When an issue is controversial and when different managers might be expected to champion different courses of action, which of the following is the preferred technique for encouraging creativity?

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future, this is known as ________.

The classical model of decision making assumes that _________.

Dale, a manager, is assessing possible alternatives for the solution of a quality problem in his department. As Dale does so, he attempts to determine if a possible alternative will threaten other company projects. Which of the following criteria of decision-making is being implemented by Dale?

Based on the work of March and Simon's administrative model of decision making, the first step in the managerial decision-making process is to _________.

When entrepreneurs believe that they are responsible for what happens to them and that their own actions determine important outcomes such as the success or failure of a new business, they are likely to have ________.

The nominal group technique is especially useful when an issue is not controversial and when different managers are expected to champion a similar course of action.

An organization that has been focusing on a target market located in the eastern part of the United States is attempting to decide whether to expand its sales to the West Coast of the United States. Which of the following types of decisions is being taken by the organization?

Which of the following is a way to bring distant managers together to brainstorm and is a written approach to creative problem solving?

While assessing the practicality of alternatives, managers must decide whether they have the capabilities and resources required to implement the alternative, and they must be sure that the alternative will not threaten the attainment of other organizational goals.

Martin, a plant foreman, asks the plant superintendent to allow him to hire an additional worker whenever overtime hours for the previous month increase by more than 25 percent. This is an example of which type of decision?

An individual who looks for opportunities and is aware of mobilizing the resources required for producing new and improved goods and services is called a(n) ________.

Managers can increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastically alter their task environments so that they can continually increase organizational performance through organizational ________.

In assessing alternatives, explain the four criteria to evaluate the pros and cons of alternative courses of action.

Why is group decision making considered beneficial?

What do managers do to regulate routine activities?