Question 1

Decision making is programmed when managers need to repeatedly make new judgments about what should be done.

Accepted Answer

A) True 
 B)False

Question 2

Sometimes in a brainstorming session,group members cannot simultaneously make sense of all the alternatives being generated,think up additional alternatives,or remember what they were thinking.This problem is known as:

Accepted Answer

A)  production blocking. 
B)  groupthink. 
C)  nominal group problem. 
D)  bounded rationality. 
E)  devil's advocacy.

Question 3

Managers in biotechnology know that new drugs have a 10 percent chance of passing advanced clinical trials.This is an example of:

Accepted Answer

A)  risk. 
B)  uncertainty. 
C)  bounded rationality. 
D)  incomplete information. 
E)  satisficing.

Question 4

Entrepreneurs are likely to be high on the personality trait of openness to experience.

Accepted Answer

A) True 
 B)False

Question 5

Product champions are a group of intrapreneurs who are deliberately separated from the normal operation of an organization to encourage them to devote all their attention to developing new products.

Accepted Answer

A) True 
 B)False

Question 6

Action Co.is attempting to decide whether or not to launch a new $10 million advertising campaign for a product whose sales have been lagging well below the projected sales for the product.This represents which type of decision for the organization?

Accepted Answer

A)  Groupthink 
B)  Intuitive 
C)  Programmed 
D)  Nonprogrammed 
E)  Satisficing

Question 7

Individuals who pursue initiatives and opportunities to address social problems and needs in order to improve society and well-being,such as reducing poverty,are known as:

Accepted Answer

A)  social entrepreneurs. 
B)  social-thinkers. 
C)  ethical entrepreneurs. 
D)  nominal group entrepreneurs. 
E)  diverse thinkers.

Question 8

When we say that managers are concerned with the legality of a decision,this is another way of saying that they are concerned with the practicality of the decision.

Accepted Answer

A) True 
 B)False

Question 9

Programmed decisions are made in response to unusual or novel opportunities and threats.

Accepted Answer

A) True 
 B)False

Question 10

Individuals who believe that they are responsible for what happens to them and that their own actions determine important outcomes are said to have an external locus of control.

Accepted Answer

A) True 
 B)False

Question 11

The classical model of decision making assumes that:

Accepted Answer

A)  the number of alternatives a manager must identify is so great that it is difficult for the manager to even come close to evaluating it all before making a decision. 
B)  managers have little information to use in making a decision. 
C)  managers have access to all the information they need to make the optimum decision. 
D)  managers have neither the time nor the money to search for all possible alternative solutions and evaluate all the potential consequences of those alternatives. 
E)  managers search for and choose acceptable,or satisfactory,ways to respond to problems and opportunities rather than trying to make the optimal decision.

Question 12

An entrepreneur is likely to have:

Accepted Answer

A)  a reluctance to try new experiences. 
B)  high self-esteem. 
C)  high need for affiliation. 
D)  external locus of control. 
E)  moderate need for achievement.

Question 13

An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business,instead of asking all of the advertising agencies in the city where this organization's headquarters are located to pitch the account.What type of decision does this represent?

Accepted Answer

A)  Programmed 
B)  Nonprogrammed 
C)  Satisficing 
D)  Certainty 
E)  Illusion of control

Question 14

The marketing managers of Rudolf Ltd. ,strive so hard to agree on an important decision to launch a product that they ignore information that a similar product already exists in the market and that the barriers to entry into the market are high.This refers to which of the following decision-making processes?

Accepted Answer

A)  Dialectical inquiry 
B)  Devil's advocacy 
C)  Groupthink 
D)  Intuition 
E)  Representative bias

Question 15

According to the administrative model,managers can never have complete information when they are trying to make a nonprogrammed decision because the complete range of decision-making alternatives is not known.

Accepted Answer

A) True 
 B)False

Question 16

Explain the different ways by which organizations can promote intrapreneurship.

Accepted Answer

The answer of Explain the different ways by which organizations...

Question 17

According to March and Simon,managerial decision making,especially when nonprogrammed decisions are involved,is frequently more of a science than an art.

Accepted Answer

A) True 
 B)False

Question 18

The nominal group technique is especially useful when an issue is controversial and when different managers champion a similar course of action.

Accepted Answer

A) True 
 B)False

Question 19

The idea that one level of learning affects other levels is part of the __________________ principle of creating a learning organization.

Accepted Answer

A)  personal mastery 
B)  mental models 
C)  team learning 
D)  shared vision 
E)  systems thinking

Question 20

Star,Inc. ,is attempting to decide whether or not if it should change its manufacturing process to a new type of technology.This represents a(n)______________ decision.

Accepted Answer

A)  programmed 
B)  nonprogrammed 
C)  groupthink 
D)  intuitive 
E)  satisficing

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

Decision making is programmed when managers need to repeatedly make new judgments about what should be done.

Sometimes in a brainstorming session,group members cannot simultaneously make sense of all the alternatives being generated,think up additional alternatives,or remember what they were thinking.This problem is known as:

Managers in biotechnology know that new drugs have a 10 percent chance of passing advanced clinical trials.This is an example of:

Entrepreneurs are likely to be high on the personality trait of openness to experience.

Product champions are a group of intrapreneurs who are deliberately separated from the normal operation of an organization to encourage them to devote all their attention to developing new products.

Action Co.is attempting to decide whether or not to launch a new $10 million advertising campaign for a product whose sales have been lagging well below the projected sales for the product.This represents which type of decision for the organization?

Individuals who pursue initiatives and opportunities to address social problems and needs in order to improve society and well-being,such as reducing poverty,are known as:

When we say that managers are concerned with the legality of a decision,this is another way of saying that they are concerned with the practicality of the decision.

Programmed decisions are made in response to unusual or novel opportunities and threats.

Individuals who believe that they are responsible for what happens to them and that their own actions determine important outcomes are said to have an external locus of control.

The classical model of decision making assumes that:

An entrepreneur is likely to have:

An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business,instead of asking all of the advertising agencies in the city where this organization's headquarters are located to pitch the account.What type of decision does this represent?

According to the administrative model,managers can never have complete information when they are trying to make a nonprogrammed decision because the complete range of decision-making alternatives is not known.

Explain the different ways by which organizations can promote intrapreneurship.

According to March and Simon,managerial decision making,especially when nonprogrammed decisions are involved,is frequently more of a science than an art.

The nominal group technique is especially useful when an issue is controversial and when different managers champion a similar course of action.

The idea that one level of learning affects other levels is part of the __________________ principle of creating a learning organization.

Star,Inc. ,is attempting to decide whether or not if it should change its manufacturing process to a new type of technology.This represents a(n) ______________ decision.