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WorksheetsPOP Quiz 5
Total questions: 10
Worksheet time: 5mins
Bryan must select a new supplier for lighting fixtures for his company's mobile homes. He has decided quality is more important than price but price is more important than lead times. Bryan will use these priorities to ________.
analyze alternatives
set his decision criteria
allocate weights to the criteria
develop alternatives
The final step in the decision-making process is to ________.
determine the criteria for the next decision
analyze the process of allocating weights to the decision criteria
evaluate the outcome of the decision
implement the chosen alternative
Managers are assumed to use ________ if they make logical and consistent choices to maximize value.
rational decision making
intuitive decision making
bounded rationality
evidence-based management
________ results in a solution that is considered "good enough."
Escalating
Linear thinking
Intuition
Satisficing
Edgar hired a graduate from his alma mater, thinking he would be a successful first line supervisor. Unfortunately the new hire hasn't worked out as well as hoped. Edgar decided to invest time and money in training for the new hire but saw little improvement. Next he assigned a successful supervisor to mentor the young employee. The problems persisted. Edgar is displaying ________.
bounded rationality
irrational behavior
poor judgment
escalation of commitment
Managers use decision-making in every function, from planning to controlling.
TRUE
FALSE
________ are straightforward, familiar, and easily defined.
Programmed problems
Structured problems
Non-structured problems
Nonprogrammed problems
Harriet's machine has stopped working again. She consulted the operator's manual troubleshooting guide to find a solution. Harriet used a ________.
programmed decision
non-programmed decision
structured decision
non-structured decision
One of the workers in Henry's department submitted his two weeks' notice so Henry needs to hire a replacement. The HR department issued a set of instructions Henry must follow to initiate the search for candidates. In other words, there is a ________ Henry must follow.
policy
practice
procedure
program
Lila believes the global climate is changing. Every storm, every volcano eruption, every earthquake is, in her mind, evidence of this climate change. Lila has fallen victim to ________ bias.
framing
selective perception
confirmation
representation
