Exam 4: Decision Making

Managers who take a proactive approach to social responsibility ________.

Nonprogrammed decisions are unique and nonrecurring.

Long-term stability is an argument for social responsibility.

Because managers can't possibly analyze all information on all alternatives,they accept solutions that ________ rather than ________ payoff.

A manager who desires to minimize his maximum "regret" will opt for a minimax choice.

As long as it has broken no laws and done nothing unethical,a business has fulfilled its obligation to society.

The socio-economic view is that management's social responsibility goes beyond making profits to include ________.

A(n)________ view of ethics states that more productive workers should get more pay,and less productive workers less pay,regardless of other circumstances.

The assumption that managers make consistent,value-maximizing choices within specified constraints is known as which of the following?

Any action that is illegal is unethical and any action that is legal is ethical.

The process of selecting decision criteria is accomplished by ________.

Which of the following structural characteristics of organizations is most likely to encourage ethical behaviour?

Proponents of the socio-economic view of social responsibility believe that being socially responsive is ________.

After the decision criteria have been determined,weights have been assigned,and alternatives have been identified,the next step in the decision-making process is to ________.

According to the decision-making styles model,individuals differ along which two dimensions?

Unstructured problems require custom-made responses through programmed decision making.

A person at a horse racetrack who bets all of his or her money on the odds-based long shot to "win" (rather than "place" or "show")is making what kind of choice?

Dave believes he should be spending more time making ________ decisions and less time making ________ decisions.

A good example of social responsiveness is a company whose managers conduct business in an ethical way and strictly follows all local laws.

Accepting solutions that are "good enough" is termed satisfying.