Question 1

Brainstorming uses a face-to-face interactive group to spontaneously suggest a wide range of alternatives for decision making.

Accepted Answer

A) True 
 B)False

Question 2

________decisions involve situations that have occurred often enough to enable decision rules to be developed and applied in the future.

Accepted Answer

The answer of ________decisions involve situations that have occurred often...

Question 3

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.F) A) and E)
G) B) and D)

Question 4

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 5

Which of the following defines a technique that uses a face-to-face group to spontaneously suggest a broad range of alternatives for decision making?

Accepted Answer

A)   Brainstorming
B)   Groupthink
C)   Point-counterpoint
D)   Brainwriting
E)   Devil's advocateF) B) and C)
G) D) and E)

Question 6

The step in the decision making process in which managers analyze the underlying causal factors associated with the situation is called________ .

Accepted Answer

The answer of The step in the decision making process...

Question 7

An ________approach describes how managers actually make decisions, not how they should.

Accepted Answer

The answer of An ________approach describes how managers actually make...

Question 8

Explain how a manager selects the desired decision in the managerial decision making process.

Accepted Answer

The manager tries to select the choice with the least amount of risk and uncertainty.
Because some risk is inherent for most nonprogrammed decisions, managers try to gauge prospects for success. Under conditions of uncertainty, they might have to rely on their intuition and experience to estimate whether a given course of action is likely to succeed. Basing choices on overall goals and values can also effectively guide selection of alternatives. Decision about how to cope should be selected by relying on the company's values and goals of treatment of employees and building long-term relationships. Making choices depends on managers' personality factors and willingness to accept risk and uncertainty.

Question 9

If your instructor has an attendance policy, she/he is using an:

Accepted Answer

A)   programmed decision.
B)   unique approach.
C)   condition of ambiguity.
D)   nonprogrammed decision.
E)   none of these.F) A) and D)
G) B) and E) A

Question 10

When managers base decisions on what has worked in the past and fail to explore new options, they are:

Accepted Answer

A)   perpetuating the status quo.
B)   being influenced by emotions.
C)   being overconfident.
D)   justifying past actions.
E)   seeing what they want to see.F) A) and B)
G) D) and E)

Question 11

During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?

Accepted Answer

A)   Bounded
B)   Programmed
C)   Conventional
D)   Wicked decision problem
E)   Irrational decisionF) B) and E)
G) C) and D)

Question 12

Riley is a manager at the Tinker Tools. She is expected to make decisions that are in the organization's best economic interests. Her decisions should be based on which of the following models?

Accepted Answer

A)   The administrative model of decision making
B)   The garbage can model of decision making
C)   The scientific management model of decision making
D)   The classical model of decision making
E)   The humanistic model of decision makingF) A) and E)
G) A) and B)

Question 13

Making a choice is the most significant part of the decision-making process.

Accepted Answer

A) True 
 B)False

Question 14

Which style is used by people who prefer simple, clear-cut solutions to problems?

Accepted Answer

A)   Behavioral
B)   Conceptual
C)   Directive
D)   Analytical
E)   ClassicalF) A) and E)
G) A) and B)

Question 15

Shirley works in the human resource department at Turtle Shells, Inc. She believes she is seeing an increase in drinking problems among the workforce. She thinks she needs to investigate further. She is at what stage of the managerial decision making process?

Accepted Answer

A)   Diagnosis and analysis of causes
B)   Development of alternatives
C)   Recognition of decision requirement
D)   Evaluation and feedback
E)   Selection of desired alternativesF) None of the above
G) D) and E)

Question 16

The________ is the individual who is assigned the role of challenging assumptions made by the group.

Accepted Answer

A)   group gadfly
B)   multiple advocate
C)   devil's advocate
D)   brainstormer
E)   inferior memberF) None of the above
G) A) and B) C

Question 17

The formulation stage involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out.

Accepted Answer

A) True 
 B)False

Question 18

________means that decision-makers choose the first solution alternative that satisfies minimal decision criteria.

Accepted Answer

The answer of ________means that decision-makers choose the first solution...

Question 19

Bierderlack has a policy that states that more than three absences in a six-month period shall result in a suspension. Colleen, the manager, has just decided to suspend one of her shift employees for violating this policy. This is an example of:

Accepted Answer

A)   a programmed decision.
B)   a nonprogrammed decision.
C)   an insignificant decision.
D)   poor management.
E)   personal grudge.F) A) and E)
G) None of the above

Question 20

Two area banks, Bank A and Bank B, decided to merge their operations. This is an example of a:

Accepted Answer

A)   programmed decision.
B)   nonprogrammed decision.
C)   decision rule.
D)   structured decision.
E)   bad community decision.F) A) and D)
G) C) and D)

Exam 6: Managerial Decision Making

Brainstorming uses a face-to-face interactive group to spontaneously suggest a wide range of alternatives for decision making.

Correct Answer
verified

________decisions involve situations that have occurred often enough to enable decision rules to be developed and applied in the future.

Correct Answer
verified

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

Correct Answer
verified

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.

Correct Answer
verified

Which of the following defines a technique that uses a face-to-face group to spontaneously suggest a broad range of alternatives for decision making?

Correct Answer
verified

The step in the decision making process in which managers analyze the underlying causal factors associated with the situation is called________ .

Correct Answer
verified

An ________approach describes how managers actually make decisions, not how they should.

Correct Answer
verified

Explain how a manager selects the desired decision in the managerial decision making process.

If your instructor has an attendance policy, she/he is using an:

Correct Answer
verified
A

When managers base decisions on what has worked in the past and fail to explore new options, they are:

Correct Answer
verified

During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?

Correct Answer
verified

Riley is a manager at the Tinker Tools. She is expected to make decisions that are in the organization's best economic interests. Her decisions should be based on which of the following models?

Correct Answer
verified

Making a choice is the most significant part of the decision-making process.

Correct Answer
verified

Which style is used by people who prefer simple, clear-cut solutions to problems?

Correct Answer
verified

Shirley works in the human resource department at Turtle Shells, Inc. She believes she is seeing an increase in drinking problems among the workforce. She thinks she needs to investigate further. She is at what stage of the managerial decision making process?

Correct Answer
verified

The________ is the individual who is assigned the role of challenging assumptions made by the group.

Correct Answer
verified
C

The formulation stage involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out.

Correct Answer
verified

________means that decision-makers choose the first solution alternative that satisfies minimal decision criteria.

Correct Answer
verified

Bierderlack has a policy that states that more than three absences in a six-month period shall result in a suspension. Colleen, the manager, has just decided to suspend one of her shift employees for violating this policy. This is an example of:

Correct Answer
verified

Two area banks, Bank A and Bank B, decided to merge their operations. This is an example of a:

Correct Answer
verified

Exam 6: Managerial Decision Making

Brainstorming uses a face-to-face interactive group to spontaneously suggest a wide range of alternatives for decision making.

Correct AnswerverifiedShow Answer

________decisions involve situations that have occurred often enough to enable decision rules to be developed and applied in the future.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Which of the following defines a technique that uses a face-to-face group to spontaneously suggest a broad range of alternatives for decision making?

Correct AnswerverifiedShow Answer

The step in the decision making process in which managers analyze the underlying causal factors associated with the situation is called________ .

Correct AnswerverifiedShow Answer

An ________approach describes how managers actually make decisions, not how they should.

Correct AnswerverifiedShow Answer

Explain how a manager selects the desired decision in the managerial decision making process.

If your instructor has an attendance policy, she/he is using an:

Correct AnswerverifiedA

When managers base decisions on what has worked in the past and fail to explore new options, they are:

Correct AnswerverifiedShow Answer

During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?

Correct AnswerverifiedShow Answer

Riley is a manager at the Tinker Tools. She is expected to make decisions that are in the organization's best economic interests. Her decisions should be based on which of the following models?

Correct AnswerverifiedShow Answer

Making a choice is the most significant part of the decision-making process.

Correct AnswerverifiedShow Answer

Which style is used by people who prefer simple, clear-cut solutions to problems?

Correct AnswerverifiedShow Answer

Shirley works in the human resource department at Turtle Shells, Inc. She believes she is seeing an increase in drinking problems among the workforce. She thinks she needs to investigate further. She is at what stage of the managerial decision making process?

Correct AnswerverifiedShow Answer

The________ is the individual who is assigned the role of challenging assumptions made by the group.

Correct AnswerverifiedC

The formulation stage involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out.

Correct AnswerverifiedShow Answer

________means that decision-makers choose the first solution alternative that satisfies minimal decision criteria.

Correct AnswerverifiedShow Answer

Bierderlack has a policy that states that more than three absences in a six-month period shall result in a suspension. Colleen, the manager, has just decided to suspend one of her shift employees for violating this policy. This is an example of:

Correct AnswerverifiedShow Answer

Two area banks, Bank A and Bank B, decided to merge their operations. This is an example of a:

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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A

Correct Answer
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Correct Answer
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Correct Answer
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C

Correct Answer
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Correct Answer
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Correct Answer
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