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

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:

Margaret,a marketing manager,wants to budget the advertising for a new product launch.She is trying to determine the amount of money that her company can afford to spend on advertising this new product.In the context of decision-making,which of the following criteria of alternative courses of action is Margaret implementing?

According to Senge's concept of the learning organization,team learning is less important than individual learning when trying to increase organizational learning.

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?

When a manager chooses an acceptable alternative instead of the optimum alternative,we say that a satisficing decision has occurred.

In managerial decision making,the ability of a manager to discover novel ideas that lead to alternative courses of action for the organization to use for solving a particular problem is known as:

A sales manager talks with his subordinates about the way they should treat customers.The sales manager is focusing on the __________________ aspect of creating a learning organization.

Delphi technique is a written approach to creative problem solving.

Researchers have identified a six-step model that can be used by managers who are faced with an important decision.Discuss any two of these steps.

Esteban,a manager,performs a financial analysis of several investment alternatives in order to determine which alternative is most likely to impact the organization's profitability.Esteban is focusing on:

With reference to the steps of decision-making process,which of the following is the last step in the managerial decision-making process?

When managers decide that they have the capabilities and resources required to implement an alternative,and they are sure that the alternative will not threaten the attainment of other organizational goals,they are focusing on which of the following criteria of alternative courses of action?

March and Simon's administrative model is consistent with the classical model of decision making.

A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage to the final customer is a product:

The classical decision-making model assumes that managers have all of the information they need in order to make the optimum decision.

At the heart of organizational learning is:

In the administrative model of decision making,when the number of possible alternatives to a decision is so large that the manager cannot possibly evaluate all of them before making a decision,which of the following has occurred?

When managers cannot assign probabilities of future occurrence to possible alternatives with a decision,this is known as:

When the members of a group try hard to agree,even when it is done without accurately assessing the information available to the group,we say that ambiguity has occurred.

Production blocking is seldom the reason for decreased productivity during brainstorming.