Question 1

________ is knowingly accepting less than the best possible outcome.

Accepted Answer

The answer of ________ is knowingly accepting less than the...

Question 2

Answers to unique questions or issues are identified during problem solving required in nonprogrammed decisions.

Accepted Answer

A) True 
 B)False

Question 3

Decision making is

Accepted Answer

A)  finding the answer to a question.
B)  choosing one alternative from among several.
C)  staffing positions within the organizational hierarchy.
D)  motivating employees to pursue organizational goals.
E)  fixing problems that arise in the operations of the business.

Question 4

Match the following:
-programmed decisions

Accepted Answer

A)  doubt about a choice that has been made
B)  a spontaneous breakthrough
C)  ideas mature and develop
D)  see differences between situations, phenomena, or events
E)  beliefs constituting right and wrongF) choosing from several alternativesG) assumes bounded rationalityH) new perspectives on existing ideasI) require problem solvingJ) doubt about a decision already madeK) decision rules availableL) lacks enough informationM) cannot deal with all the informationN) finding the answer to a questionO) usually the first stage in creative processP) solution meets minimal requirementsQ) alternative action if unexpected disruptionR) persistence in an ineffective planS) innate belief about somethingT) informal alliance of individuals or groups

Question 5

As a CEO of Toddle Toys, Inc. (TTI), RaShaya's recent decision about which company her conglomerate TTI was to buy can be considered a programmed decision.

Accepted Answer

A) True 
 B)False

Question 6

______ decisions generally require the decision maker to exercise judgment and creativity.

Accepted Answer

The answer of ______ decisions generally require the decision maker...

Question 7

______ are an individual's power to think intelligently and to analyze situations and data effectively.

Accepted Answer

The answer of ______ are an individual's power to think...

Question 8

In situations where the information condition is _______, the decision maker knows all outcomes and makes the decision on the basis of the highest payoff.

Accepted Answer

The answer of In situations where the information condition is...

Question 9

Roger purchases stock in a public company and he refuses to sell it even after repeated drops in the original price he paid for the stock. Jim has decided to purchase more of the stock in anticipation of making a profit, and has decided to keep the stock in the face of increasing losses. Roger is suffering from

Accepted Answer

A)  organizational delusion.
B)  problem misidentification.
C)  escalation of commitment.
D)  groupthink.
E)  self-reactions.

Question 10

The behavioral model focuses on human behaviors and tendencies when evaluating the decision-making process.

Accepted Answer

A) True 
 B)False

Question 11

Prospect theory argues that when people make decisions under conditions of certainty they are more motivated to avoid losses than they are to seek gains.

Accepted Answer

A) True 
 B)False

Question 12

A nonprogrammed decision usually recurs often enough for decision rules to be developed.

Accepted Answer

A) True 
 B)False

Question 13

Ethical dilemmas for managers may center on all of the following EXCEPT:

Accepted Answer

A)  direct personal gain.
B)  indirect personal gain.
C)  risk propensity.
D)  simple personal preferences.
E)  none of the above are true.

Question 14

Match the following:
-bounded rationality

Accepted Answer

A)  doubt about a choice that has been made
B)  a spontaneous breakthrough
C)  ideas mature and develop
D)  see differences between situations, phenomena, or events
E)  beliefs constituting right and wrongF) choosing from several alternativesG) assumes bounded rationalityH) new perspectives on existing ideasI) require problem solvingJ) doubt about a decision already madeK) decision rules availableL) lacks enough informationM) cannot deal with all the informationN) finding the answer to a questionO) usually the first stage in creative processP) solution meets minimal requirementsQ) alternative action if unexpected disruptionR) persistence in an ineffective planS) innate belief about somethingT) informal alliance of individuals or groups

Question 15

A person's beliefs about what constitutes right and wrong behavior are called

Accepted Answer

A)  hypervigilance.
B)  ethics.
C)  self-reactions.
D)  rationalizations.
E)  escalations of commitment.

Question 16

The decision-making conditions of certainty, uncertainty, and risk are relevant while the decision maker is

Accepted Answer

A)  stating the situational goal.
B)  identifying the problem.
C)  evaluating alternatives.
D)  generating alternatives.
E)  determining the decision type.

Question 17

In practice, decision makers use rational approach to make the tough day-to-day decisions.

Accepted Answer

A) True 
 B)False

Question 18

Compare and contrast the classifications of programmed and nonprogrammed decisions. Give an example of each type of decision.

Accepted Answer

Programmed decisions and nonprogrammed d...

Question 19

Managers who are cautious and try to adhere to the rational decision-making model

Accepted Answer

A)  are more likely to make mistakes.
B)  infrequently make decisions that lead to big losses.
C)  have a higher risk propensity than other managers.
D)  rely heavily on intuition.
E)  reach to their decisions quickly.

Question 20

What information condition lies between certainty and uncertainty in making decisions?

Accepted Answer

A)  Risk
B)  Rationalization
C)  Problem solving
D)  Decision rules
E)  Guesswork

Exam 8: Decision Making and Problem Solving

______ are an individual's power to think intelligently and to analyze situations and data effectively.

Correct Answer
verified

A person's beliefs about what constitutes right and wrong behavior are called

Correct Answer
verified

What information condition lies between certainty and uncertainty in making decisions?

Correct Answer
verified

Ethical dilemmas for managers may center on all of the following EXCEPT:

Correct Answer
verified

Answers to unique questions or issues are identified during problem solving required in nonprogrammed decisions.

Correct Answer
verified

The decision-making conditions of certainty, uncertainty, and risk are relevant while the decision maker is

Correct Answer
verified

Compare and contrast the classifications of programmed and nonprogrammed decisions. Give an example of each type of decision.

Correct Answer
Answered by ExamLex AI
Programmed decisions and nonprogrammed d...
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Managers who are cautious and try to adhere to the rational decision-making model

Correct Answer
verified

Prospect theory argues that when people make decisions under conditions of certainty they are more motivated to avoid losses than they are to seek gains.

Correct Answer
verified

______ decisions generally require the decision maker to exercise judgment and creativity.

Correct Answer
verified

The behavioral model focuses on human behaviors and tendencies when evaluating the decision-making process.

Correct Answer
verified

Match the following: -bounded rationality

Correct Answer
verified

In situations where the information condition is _______, the decision maker knows all outcomes and makes the decision on the basis of the highest payoff.

Correct Answer
verified

A nonprogrammed decision usually recurs often enough for decision rules to be developed.

Correct Answer
verified

Match the following: -programmed decisions

Correct Answer
verified

________ is knowingly accepting less than the best possible outcome.

Correct Answer
verified

Correct Answer
verified

In practice, decision makers use rational approach to make the tough day-to-day decisions.

Correct Answer
verified

Decision making is

Correct Answer
verified

As a CEO of Toddle Toys, Inc. (TTI), RaShaya's recent decision about which company her conglomerate TTI was to buy can be considered a programmed decision.

Correct Answer
verified

Exam 8: Decision Making and Problem Solving

______ are an individual's power to think intelligently and to analyze situations and data effectively.

Correct AnswerverifiedShow Answer

A person's beliefs about what constitutes right and wrong behavior are called

Correct AnswerverifiedShow Answer

What information condition lies between certainty and uncertainty in making decisions?

Correct AnswerverifiedShow Answer

Ethical dilemmas for managers may center on all of the following EXCEPT:

Correct AnswerverifiedShow Answer

Answers to unique questions or issues are identified during problem solving required in nonprogrammed decisions.

Correct AnswerverifiedShow Answer

The decision-making conditions of certainty, uncertainty, and risk are relevant while the decision maker is

Correct AnswerverifiedShow Answer

Compare and contrast the classifications of programmed and nonprogrammed decisions. Give an example of each type of decision.

Correct AnswerAnswered by ExamLex AIProgrammed decisions and nonprogrammed d...View AnswerShow Answer

Managers who are cautious and try to adhere to the rational decision-making model

Correct AnswerverifiedShow Answer

Prospect theory argues that when people make decisions under conditions of certainty they are more motivated to avoid losses than they are to seek gains.

Correct AnswerverifiedShow Answer

______ decisions generally require the decision maker to exercise judgment and creativity.

Correct AnswerverifiedShow Answer

The behavioral model focuses on human behaviors and tendencies when evaluating the decision-making process.

Correct AnswerverifiedShow Answer

Match the following: -bounded rationality

Correct AnswerverifiedShow Answer

In situations where the information condition is _______, the decision maker knows all outcomes and makes the decision on the basis of the highest payoff.

Correct AnswerverifiedShow Answer

A nonprogrammed decision usually recurs often enough for decision rules to be developed.

Correct AnswerverifiedShow Answer

Match the following: -programmed decisions

Correct AnswerverifiedShow Answer

________ is knowingly accepting less than the best possible outcome.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In practice, decision makers use rational approach to make the tough day-to-day decisions.

Correct AnswerverifiedShow Answer

Decision making is

Correct AnswerverifiedShow Answer

As a CEO of Toddle Toys, Inc. (TTI), RaShaya's recent decision about which company her conglomerate TTI was to buy can be considered a programmed decision.

Correct AnswerverifiedShow Answer

Correct Answer
verified

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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Correct Answer
Answered by ExamLex AI
Programmed decisions and nonprogrammed d...
View Answer

Correct Answer
verified

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Correct Answer
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Correct Answer
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Correct Answer
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