Exam 14: Managerial Decision Making

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The likelihood that a specific result will occur, based on hard facts and numbers is the premise behind ______ probability.

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In "Diversity Competency: Chubb's Business Case for Diversity," the leaders at Chubb feel that workforce diversity needs to be viewed as a competitive advantage and a business opportunity.

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Evidence-based management helps to reduce the mental blinders and bounded rationality that prevent leaders from seeing, seeking, using, or sharing relevant and accessible information during the decision-making process.

(True/False)
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Which of the following would NOT be a factor in subjective probability?

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What is political decision making and what are the two self-serving ethical principles it is based upon?

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In "Change Competency: Shoes for Crews Reduces Risk and Uncertainty," the firm reduced end-user uncertainty by placing a prepaid UPS Return Label in every box of shoes it sold.

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What is decision making and what are the three conditions under which decisions can be classified?

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Which of the following is NOT a critical diagnostic question considered in evidence-based management?

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To say that someone has a "50-50 chance" of making the right decision refers to which aspect of decision making?

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In political decision making, an organization's choice of goals

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To help in her decision making, Nicki consulted reports found in trade journals and government publications. These are a form of

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Calvin usually likes to take a specific course of action and doesn't seek out additional information when making decisions. Which of the following would help Calvin to seek, use, and share relevant and accessible information when making decisions?

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In "Change Competency: St. Clair Hospital Adopts RFID and Related Technologies," nurses who need to administer medication to a patient, can override the SoMo 650 computer if patient identification cannot be confirmed.

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The use of radio-frequency identification is a type of

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Which of the following is NOT a limitation of evidence-based management?

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Mateo has just had and "ah-ha" moment. What stage of the creative process is Mateo in?

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What phase of Osborn's creativity model involves defining the issue and gathering relevant data?

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A person who fails to investigate the obvious or distinguish between cause and effect is exhibiting a(n) ______ block.

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To make a decision under the condition of uncertainty means that

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What are the five critical diagnostic questions one should consider when using evidence-based management?

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