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

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:

Rationalization is a critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented.

What do managers do to regulate routine activities?

When the meaning of the information available to a manager is unclear and can be interpreted in several ways,the information is:

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?

Compare and contrast programmed and nonprogrammed decision-making in organizations.

The first step in decision making that a manager needs to take is generate a set of feasible alternative courses of action in response to the opportunity or threat.

After one person shares an idea,the next thing that should happen in a brainstorming session is:

What can managers to do promote individual creativity?

The main reason for the loss of productivity in brainstorming is:

The purchasing manager for Telsa Motor Co.decides to call three suppliers of automobile windshields to ask 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 for the purchasing manager?

March and Simon developed three important concepts in their administrative model of decision making.Discuss these three concepts.

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,a situation of risk occurs.