WorksheetsManagerial Decision Making
Total questions: 8
Worksheet time: 4mins
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
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?
analysis of alternatives
evaluation of decision effectiveness
selection of an alternative
implementation of an alternative
A person who satisfices fails to ________.
maximize his or her decision
understand his or her position
accept the truth of a situation
make any kind of decision
One assumption of bounded rationality is that managers can analyze all relevant information about all alternatives for a situation.
True
False
Unstructured problems are ________.
perfectly rational
clear and straightforward
situations in which all options are known
situations in which all options are not known
If a car buyer knows the inventory dealer price of the same car at different dealerships, he or she is operating under what type of decision-making condition?
risk
uncertainty
certainty
factual
One advantage of group decision making is that it usually provides ________ than individual decision making.
faster decisions
more ethical decisions
less confusion
more information
Following the directions to put together an exercise machine is an example of which way to solve a problem?
procedure
rule
general practice
policy
