It is assumed that in most cases, the decisions of all managers are limited by ________.

not being able to analyze all information for all alternatives

not being able to act rationally or in the best interests of their organization

The three main models that managers use to make decisions are ________.

rational, bounded rational, and intuitive

rational, irrational, bounded rational

intuitive, unintuitive, rational

bounded rational, intuitive, systematic

In allocating weights to the decision criteria, which of the following is most helpful to remember?

The total of the weights must sum to 100.

The high score should be a 10, and no two criteria should be assigned the same weight.

Assign the most important criterion a score, and then assign weights against that standard.

The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately ________.

determining if there is a solution to the problem

making a plan to solve the problem

breaking down the problem into a series of steps

A manager can faithfully execute the decision-making process, but still end up with nothing of value if ________.

he fails to identify the correct problem

he fails to assign number values to different criteria

he solves the problem inefficiently

he fails to correctly identify the steps of the process

After purchasing new computers for her department, a manager is now comparing the performance of the new computers to the computers they replaced. Which stage of the decision-making process is she carrying out?

evaluation of decision effectiveness

implementation of an alternative

A manager is determining what kind of new computers she should purchase for her department. She has made a list of five different computer models for consideration. Which stage of the decision-making process is this?

identification of decision criteria

A manager is considering purchasing new computers for her department. The manager spends time assessing the computers her department now has. Which stage of the decision-making process is she going through?

identification of decision criteria

implementation of an alternative

Which of the following defines a problem in the decision-making process?

a discrepancy between what exists and what the decision maker desires to exist

a discrepancy between the ideal and the practical

something that causes irritation

something that calls for attention

Which of the following group techniques allows group members to meet together, but at the same time facilitates independent decision making?

large meetings of over 50 individuals

small meetings of less than 10 individuals

The classical view of social responsibility is that a for-profit organization's responsibility is ________.

to help as many people as possible

to maximize both profits and the general welfare

to maximize opportunity for all

Groups decisions are usually ________ individual decisions.

more efficient but less effective

QTH U4

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Other

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12th Grade

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Practice Problem

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Hard

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QTH U4

63 questions

Which term best characterizes a decision that has bounded rationality?

Which of the following is the best definition for the word satisfice?

A person who satisfices fails to ________.

Escalation of commitment can occur when people don't ________.

Which of the following is NOT a way in which intuition guides people who are making decisions?

Emotions and feelings ________ decision making.

Structured problems are ________.

Unstructured problems are ________.

Which of the following is an example of a structured problem?

Structured problems typically have while unstructured problems typically have .

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QTH U4

63 questions

Which term best characterizes a decision that has bounded rationality?

Which of the following is the best definition for the word satisfice?

A person who satisfices fails to ________.

Escalation of commitment can occur when people don't ________.

Which of the following is NOT a way in which intuition guides people who are making decisions?

Emotions and feelings ________ decision making.

Structured problems are ________.

Unstructured problems are ________.

Which of the following is an example of a structured problem?

Structured problems typically have ________ while unstructured problems typically have ________.

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Structured problems typically have while unstructured problems typically have .