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Exam 4: Foundations of Decision Making

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Question 61

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Which of the following is the most effective number of people to have in a group?

A) 3- 7
B) 3- 12
C) 5- 7
D) 2- 10

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Question 62

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Explain how decision- making in Japan is different from American decision making.

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Japanese decision- making is more group ...

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Question 63

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A decision is a discrepancy between an existing and a desired state of affairs.

Application of Decision Making: A Contingency Approach It seems that all Dave accomplishes is making decisions. Every time he turns around, someone wants him to decide on one more thing. Just today the secretary came in and asked if she could reorder paper for the fax machine. Somehow that seemed like a decision he really did not need to deal with. If he could avoid those types of decisions, then when the foreman came in with the news of a major piece of equipment that needs repair, in which the repair bill will be almost as much as a new machine, Dave could focus more time and attention on the more complicated issues. -Dave relies on rules of thumb or past experience to make decisions. Based on this tendency, he will most likely

_________is selecting the first minimally acceptable alternative.

_________is used when managers make every decision, from the alternatives, based on a philosophy that you do make the best decision, no matter how long it takes.

Application of Decision Making: A Contingency Approach It seems that all Dave accomplishes is making decisions. Every time he turns around, someone wants him to decide on one more thing. Just today the secretary came in and asked if she could reorder paper for the fax machine. Somehow that seemed like a decision he really did not need to deal with. If he could avoid those types of decisions, then when the foreman came in with the news of a major piece of equipment that needs repair, in which the repair bill will be almost as much as a new machine, Dave could focus more time and attention on the more complicated issues. -Dave should be spending more time making _________decisions and less time making _________decisions.

Satisficing is the tendency for managers to seek solutions that are satisfactory and sufficient.

Peggy Juarez uses a decision- making style characterized by low tolerance for ambiguity and a rational way of thinking. They generally turn out to be fast decisions of a short run nature. What style does Peggy use?

Once a manager has identified a problem, the _________ that will be important in solving the problem must be identified.

Creativity is formed when the elements of creative skills, expertise, and _________intersect.

Which of the following is not an advantage of group decision making over individual decision making?

Discuss how rules, procedures, and policies differ.

When managers assign probabilities to outcomes that may result, they are dealing with risk.

Managers will often not choose the decision alternative that rational decision making indicates to be best because they have a "vague feeling" that another alternative will be better. Which of the behavioral factors that influence decision- making does this behavior reflect?

Which of the following is not allowed in a brainstorming session?

The basic premise for the decision- making model is that individuals differ along two dimensions

When decisions must be made with limited information because full knowledge of the problem is unavailable and the probability of outcomes is unknown, the condition of _________exists.

Which of the following styles of decision making is characterized by individuals who prefer complete information and consider several alternatives?

Problems where information is ambiguous or incomplete are which type of problem?