Question 1

All of the following are characteristics of the classical decision making model except:

Accepted Answer

A)  clear-cut problems and goals. 
B)  conditions of certainty. 
C)  rational choice by individual for maximizing outcomes. 
D)  limited information about alternatives and their outcomes. 
E)  all of these are characteristics of classical decision making model.

Question 2

In the real world, few decisions are certain.

Accepted Answer

A) True 
 B)False

Question 3

The growth of quantitative decision techniques that use computers has reduced the use of the classical approach.

Accepted Answer

A) True 
 B)False

Question 4

The most effective managers are consistent in using their own decision style rather than shifting among styles.

Accepted Answer

A) True 
 B)False

Question 5

Explain the four underlying assumptions of the administrative model.

Accepted Answer

The answer of Explain the four underlying assumptions of the...

Question 6

Briefly describe the assumptions underlying the classical model of decision making.

Accepted Answer

The answer of Briefly describe the assumptions underlying the classical...

Question 7

The _____ model of decision-making is useful for making nonprogrammed decisions when conditions are uncertain, information is limited, and there are managerial conflicts about what goals to pursue or what course of action to take.

Accepted Answer

A)  classical 
B)  functional 
C)  bureaucratic 
D)  political 
E)  administrative

Question 8

Good examples of _____ decisions are strategic decisions.

Accepted Answer

A)  nonprogrammed 
B)  programmed 
C)  insignificant 
D)  recurring 
E)  structured

Question 9

In the implementation stage, decision makers gather information that tells them how well the decision was implemented and whether it was effective in achieving its goals.

Accepted Answer

A) True 
 B)False

Question 10

Most bad decisions are errors in judgment that originate in the human mind's limited capacity and in the natural biases of the manager.

Accepted Answer

A) True 
 B)False

Question 11

The approach that managers use to make decisions usually falls into one of three types - the classical model, the administrative model, and the political model.

Accepted Answer

A) True 
 B)False

Question 12

Administrative and political decision making procedures and intuition have been associated with high performance in unstable environments in which decisions must be made rapidly and under more difficult conditions.

Accepted Answer

A) True 
 B)False

Question 13

Nordstrom Department store's "No questions asked - Return's Policy" is an example of a(n):

Accepted Answer

A)  programmed decision. 
B)  nonprogrammed decision. 
C)  novel decision. 
D)  poor management. 
E)  unstructured decision.

Exam 9: Managerial Decision Making

All of the following are characteristics of the classical decision making model except:

In the real world, few decisions are certain.

The growth of quantitative decision techniques that use computers has reduced the use of the classical approach.

The most effective managers are consistent in using their own decision style rather than shifting among styles.

Explain the four underlying assumptions of the administrative model.

Briefly describe the assumptions underlying the classical model of decision making.

The _____ model of decision-making is useful for making nonprogrammed decisions when conditions are uncertain, information is limited, and there are managerial conflicts about what goals to pursue or what course of action to take.

Good examples of _____ decisions are strategic decisions.

In the implementation stage, decision makers gather information that tells them how well the decision was implemented and whether it was effective in achieving its goals.

Most bad decisions are errors in judgment that originate in the human mind's limited capacity and in the natural biases of the manager.

The approach that managers use to make decisions usually falls into one of three types - the classical model, the administrative model, and the political model.

Administrative and political decision making procedures and intuition have been associated with high performance in unstable environments in which decisions must be made rapidly and under more difficult conditions.

Nordstrom Department store's "No questions asked - Return's Policy" is an example of a(n) :