Question 1

Identify and briefly describe the first four steps in the decision-making process.Give an example of each step.

Accepted Answer

Step 1: Identification of a problem.The ...

Question 2

Which of the following is an example of an unstructured problem?

Accepted Answer

A)  Choosing the best wardrobe for an executive
B)  Comparing fuel consumption for different car models
C)  Measuring pollution levels in a power plant
D)  Finding the list price of different copy machines

Question 3

Which of the following is not a factor that can increase the probability of groupthink?

Accepted Answer

A)  Influential group members dominate the discussion and the decision-making process.
B)  The group has more than 40 group members.
C)  Group leaders solicit ideas from all group members without passing judgement on their ideas.
D)  Group leaders stress the importance of consensus above all other concerns.

Question 4

Sam is a manager who wants to determine if it is more environmentally sustainable to use email or direct mail to reach customers.What is the first step that Sam should take?

Accepted Answer

A)  Analyse the strengths and weaknesses of each alternative
B)  Define 'environmentally sustainable'
C)  Figure out how to reduce waste generation
D)  Minimise carbon emissions

Question 5

Identify and explain the advantages and disadvantages to group decision making.

Accepted Answer

Group decisions provide more complete in...

Question 6

Decision makers who only use information that matches what they already know are guilty of confirmation bias.

Accepted Answer

A) True 
 B)False

Question 7

Define rule and provide an example of a decision rule.

Accepted Answer

A rule is an explicit statement that tel...

Question 8

Which of the following is a drawback to seeking diverse views in decision making?

Accepted Answer

A)  Less reliable decision
B)  More time-consuming
C)  Easier decision-making process
D)  Less time-consuming

Question 9

Identify the five decisions organisations must decide when determining how best to use big data.

Accepted Answer

1) What questions, problems, and hypothe...

Question 10

Groups tend to be less efficient and more effective than individual decision making.

Accepted Answer

A) True 
 B)False

Question 11

Why do decision makers often escalate their commitment to a bad decision?

Accepted Answer

A)  They do not want to admit that their initial decision may have been flawed.
B)  They have reached cognitive overload.
C)  They have allowed themselves to be influenced by the organisation's culture.
D)  They were not able to find a reasonable alternative.

Question 12

_________ helps people find better solutions to problems using innovative problem-solving methods.

Accepted Answer

A)  Creativity
B)  Planning
C)  Organisation
D)  Structure

Question 13

Which of the following is assumed in a rational decision?

Accepted Answer

A)  Maximised value
B)  Vague goals
C)  Ambiguous problems
D)  Diversified groups

Question 14

What is an experience-based decision?

Accepted Answer

An experience-based decision i...

Question 15

Programmed decisions work well for solving _________.

Accepted Answer

A)  unstructured problems
B)  both structured and unstructured problems
C)  poorly defined problems
D)  structured problems

Question 16

Since all members of a group are rarely equal in status, most groups suffer from _________.

Accepted Answer

A)  minority domination
B)  decreased legitimacy
C)  lack of alternatives
D)  incomplete information

Question 17

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

Accepted Answer

A)  Clear definition of the problem
B)  Large number of alternatives
C)  Recording of all alternatives
D)  Criticism or dismissal of poor ideas

Question 18

Emotions and feelings _________ decision making.

Accepted Answer

A)  decrease performance in
B)  can improve
C)  have no effect on
D)  are more important than facts and logic in

Question 19

_________ is a situation in which a decision maker has only incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

Accepted Answer

A)  Low risk
B)  Uncertainty
C)  Risk
D)  Certainty

Question 20

A manager is determining what kind of new computers she should purchase for her department.She has made a list of five different computer models for consideration.Which stage of the decision-making process is this?

Accepted Answer

A)  Selection of an alternative
B)  Identification of decision criteria
C)  Development of alternatives
D)  Analysis of alternatives

Exam 3: Foundations of Decision Making

Sam is a manager who wants to determine if it is more environmentally sustainable to use email or direct mail to reach customers.What is the first step that Sam should take?

Correct AnswerverifiedShow Answer

Which of the following is assumed in a rational decision?

Correct AnswerverifiedShow Answer

Define rule and provide an example of a decision rule.

Correct AnswerverifiedA rule is an explicit statement that tel...View AnswerShow Answer

Which of the following is a drawback to seeking diverse views in decision making?

Correct AnswerverifiedShow Answer

Identify the five decisions organisations must decide when determining how best to use big data.

Correct Answerverified1) What questions, problems, and hypothe...View AnswerShow Answer

A manager is determining what kind of new computers she should purchase for her department.She has made a list of five different computer models for consideration.Which stage of the decision-making process is this?

Correct AnswerverifiedShow Answer

Which of the following is an example of an unstructured problem?

Correct AnswerverifiedShow Answer

Programmed decisions work well for solving _________.

Correct AnswerverifiedShow Answer

Groups tend to be less efficient and more effective than individual decision making.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Since all members of a group are rarely equal in status, most groups suffer from _________.

Correct AnswerverifiedShow Answer

Identify and explain the advantages and disadvantages to group decision making.

Correct AnswerverifiedGroup decisions provide more complete in...View AnswerShow Answer

What is an experience-based decision?

Correct AnswerverifiedAn experience-based decision i...View AnswerShow Answer

Decision makers who only use information that matches what they already know are guilty of confirmation bias.

Correct AnswerverifiedShow Answer

_________ helps people find better solutions to problems using innovative problem-solving methods.

Correct AnswerverifiedShow Answer

Emotions and feelings _________ decision making.

Correct AnswerverifiedShow Answer

_________ is a situation in which a decision maker has only incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

Correct AnswerverifiedShow Answer

Why do decision makers often escalate their commitment to a bad decision?

Correct AnswerverifiedShow Answer

Identify and briefly describe the first four steps in the decision-making process.Give an example of each step.

Correct AnswerverifiedStep 1: Identification of a problem.The ...View AnswerShow Answer

Which of the following is not a factor that can increase the probability of groupthink?

Correct AnswerverifiedShow Answer

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A rule is an explicit statement that tel...
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1) What questions, problems, and hypothe...
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Group decisions provide more complete in...
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An experience-based decision i...
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Step 1: Identification of a problem.The ...
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