general business data bank
51. ____ is the last step in the decision making process.
|
a. |
Evaluation and feedback |
|
b. |
Development of alternatives |
|
c. |
Implementation of chosen alternative |
|
d. |
Selection of desired requirement |
|
e. |
Recognition of decision requirement |
52. "When did it occur" and "how did it occur" are questions associated with which step of the decision making process?
|
a. |
Diagnosis and analysis of causes |
|
b. |
Recognition of decision requirement |
|
c. |
Development of alternatives |
|
d. |
Selection of desired alternative |
|
e. |
None of these |
53. The recognition of the decision requirement step in the managerial decision making process requires managers to
|
a. |
develop alternative solutions. |
|
b. |
integrate information in novel ways. |
|
c. |
use the classical model of decision making. |
|
d. |
focus on generating ideas. |
|
e. |
select undesirable alternatives. |
54. The decision-maker must ____ once the problem has been recognized and analyzed.
|
a. |
evaluate and provide feedback |
|
b. |
choose among alternatives |
|
c. |
generate alternatives |
|
d. |
prioritize the alternatives |
|
e. |
reanalyze the problem |
55. For a programmed decision,
|
a. |
alternatives are usually difficult to identify. |
|
b. |
alternatives are usually easy to identify. |
|
c. |
there are usually few alternatives. |
|
d. |
there are usually few alternatives and they are difficult to identify. |
|
e. |
there are no alternatives. |
56. Ryan is a manager at Dream Catchers. Dream Catchers is currently operating in an environment of high uncertainty. As a result, Ryan will
|
a. |
likely be making programmed decisions. |
|
b. |
probably have an easy time generating alternatives. |
|
c. |
probably have a difficult time generating alternatives. |
|
d. |
likely rely on the classical model of decision making. |
|
e. |
wait until environment becomes certain. |
57. Once the desired alternative is developed, it should be
|
a. |
analyzed. |
|
b. |
evaluated. |
|
c. |
selected. |
|
d. |
recognized. |
|
e. |
identified. |
58. Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return?
|
a. |
Tunnel vision |
|
b. |
Risk propensity |
|
c. |
Risk averse |
|
d. |
Thrill seeking |
|
e. |
Ineffective investment philosophy |
59. The ____ step in the decision making process involves using managerial, administrative, and persuasive abilities to translate the chosen alternative into action.
|
a. |
recognition |
|
b. |
analysis |
|
c. |
evaluation |
|
d. |
implementation |
|
e. |
feedback |
60. Feedback is important because
|
a. |
decision making is a continuous process. |
|
b. |
it provides decision-makers with new information. |
|
c. |
it helps determine if a new decision needs to be made. |
|
d. |
it provides decision-makers with new information and it helps determine if a new decision needs to be made. |
|
e. |
all of these. |
61. Genna is collecting data on how well the organization has done since their new strategy was implemented. She is in what stage of the managerial decision making process?
|
a. |
The generation of alternatives |
|
b. |
Implementation of the chosen alternative |
|
c. |
Evaluation and feedback |
|
d. |
Recognition of the decision requirement |
|
e. |
Selection of desired alternative |
62. Which style is used by people who prefer simple, clear-cut solutions to problems?
|
a. |
Behavioral |
|
b. |
Conceptual |
|
c. |
Directive |
|
d. |
Analytical |
|
e. |
Classical |
63. Personal ____ style refers to differences among people with respect to how they perceive problems and make decisions.
|
a. |
risk taking |
|
b. |
behavior |
|
c. |
decision |
|
d. |
strategic |
|
e. |
analysis |
64. Managers are considered as having ____ style, when they like to consider complex solutions based on as much data as they can gather.
|
a. |
behavioral |
|
b. |
conceptual |
|
c. |
directive |
|
d. |
analytical |
|
e. |
classical |
65. Which of these styles is adopted by managers having a deep concern for others as individuals?
|
a. |
Behavioral |
|
b. |
Classical |
|
c. |
Analytic |
|
d. |
Logical |
|
e. |
Conceptual |
66. People with a(n) ____ style usually are concerned with the personal development of others and may make decisions that help others achieve their goals.
|
a. |
classical |
|
b. |
analytic |
|
c. |
logical |
|
d. |
behavioral |
|
e. |
conceptual |
67. All of the following are cognitive biases that can affect manager's judgment EXCEPT
|
a. |
being influenced by initial impressions. |
|
b. |
justifying past decisions. |
|
c. |
seeing what you don't want to see. |
|
d. |
perpetuating the status quo. |
|
e. |
overconfidence. |
68. The ability to make ____ decisions is a critical skill in today's fast-moving organizations.
|
a. |
fast |
|
b. |
widely supported |
|
c. |
high-quality |
|
d. |
frequent |
|
e. |
all of these |
69. According to Spotlight on Skills in Chapter 6, which of the following is not an idea for applying evidence-based decision making?
|
a. |
Demand evidence. |
|
b. |
Perform secondary research. |
|
c. |
Do a postmortem review. |
|
d. |
Balance decisiveness and humility. |
|
e. |
Practice the five whys. |
70. 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?
|
a. |
Brainstorming |
|
b. |
Groupthink |
|
c. |
Point-counterpoint |
|
d. |
Brainwriting |
|
e. |
Devil's advocate |
-
Rating:
/5
Solution: general business data bank