Question 1

A key business decision in your sporting goods manufacturing company is determining what suppliers to use for your raw materials. How can you determine if a manager in charge of selecting suppliers is making the best choice?

Accepted Answer

The answer of A key business decision in your sporting...

Question 2

The implementation phase of Simon's decision-making model includes choosing among solution alternatives.

Accepted Answer

The answer of The implementation phase of Simon's decision-making model...

Question 3

A structured decision is repetitive and routine, for which known procedures provide solutions.

Accepted Answer

Structured decisions are those which have a well-defined and repetitive process, for which known procedures and rules provide solutions. Examples include filling out a form or following a specific protocol for a routine medical checkup.

Question 4

Structured decision making is most prevalent at lower organizational levels.

Accepted Answer

Structured decision making is typically used at lower levels in an organization where decisions are more routine and well-defined. As decisions become more complex and have higher levels of uncertainty, intuitive decision making may be more appropriate.

Question 5

Middle management face primarily unstructured decisions.

Accepted Answer

The answer of Middle management face primarily unstructured decisions....

Question 6

The dimension of ________ describes whether the structure of data is consistent within an information source.
A) completeness
B) accuracy
C) validity
D) consistency
E) integrity

Accepted Answer

The answer of The dimension of ________ describes whether the...

Question 7

The intelligence phase of decision making consists of discovering, identifying, and understanding the problems occurring in the organization.

Accepted Answer

The intelligence phase involves gathering information and analyzing the situation to identify problems or opportunities for improvement.

Question 8

Which of the following describes how the Simon framework of decision-making works in high-velocity decision environments?
A) Only the initial step is performed by the software; the final three steps are handled by humans.
B) The first two steps of Simon's framework are eliminated and the final two steps are handled by software algorithms.
C) The first three steps of the process are handled by software algorithms and the final step is handled by experienced managers.
D) All four steps are performed by humans with the support of high-speed, high-volume DSS and ESS.
E) All four steps of the process are handled by software algorithms; humans are eliminated from the decisions because they are too slow.

Accepted Answer

The answer of Which of the following describes how the...

Question 9

A structured decision can be made by following a well-defined set of procedures. No "feel" or intuition is necessary.

Accepted Answer

A structured decision involves following a set of established procedures and does not rely on subjective feelings or intuition.

Question 10

The third stage in Simon's description of decision making is choice.

Accepted Answer

According to Simon's description of decision making, the third stage is indeed choice, where a decision maker selects a course of action from the available alternatives.

Question 11

Behavioral models of management sees managers as being ________ than does the classical model.
A) more systematic
B) more informal
C) more reflective
D) more well organized
E) less reactive

Accepted Answer

Behavioral models of management put emphasis on interpersonal relationships, communication, and informal interactions. Thus, managers are seen as more informal and less formalized than in the classical model.

Question 12

The classical model of management does not address what exactly managers do when they plan, decide things, and control the work of others.

Accepted Answer

The classical model of management primarily focuses on the structure and organization of the workplace and doesn't provide a detailed understanding of the actions taken by managers when they plan, decide, and control the work of others.

Question 13

Explain why even well-designed information systems do not always help improve a firm's decision making.

Accepted Answer

The answer of Explain why even well-designed information systems do...

Question 14

A drawback to high-velocity, automated decision-making systems is that they are unable to
A) handle high volumes of decisions.
B) handle structured decisions.
C) handle semi-structured decisions.
D) control themselves and respond to new environments.
E) be applied to situations outside of the financial world.

Accepted Answer

High-velocity, automated decision-making systems are based on rules and algorithms that are pre-programmed and unable to adapt to changes in the environment. They lack the ability to control themselves and respond to new situations, which can lead to unintended consequences if not monitored and adjusted by human operators.

Question 15

High-velocity decision making systems are growing rapidly for decisions classed as
A) semi-structured.
B) financial.
C) ad hoc.
D) predefined.
E) highly structured.

Accepted Answer

The answer of High-velocity decision making systems are growing rapidly...

Question 16

Which of the following is not one of the five classical functions of managers?
A) leading
B) deciding
C) planning
D) organizing
E) controlling

Accepted Answer

The answer of Which of the following is not one...

Question 17

Improving the quality of high-value decision making by an executive will save an organization far more money than improving the quality of lesser-value decisions made at a lower level.

Accepted Answer

The answer of Improving the quality of high-value decision making...

Question 18

Which quality dimension of information is concerned that the data values of an information source fall within a defined range?
A) timeliness
B) consistency
C) completeness
D) accessibility
E) validity

Accepted Answer

Validity refers to the accuracy and correctness of the data values. If the data falls within a defined range, it is considered valid. Timeliness refers to the recency of the data. Consistency refers to the coherence and conformity of the data with other sources. Completeness refers to the extent of data coverage, and accessibility refers to the ease of accessing the data.

Question 19

In your position of office manager at a legal firm, you are in charge of hiring temporary legal assistants and clerical workers. Describe how Simon's decision-making process applies to this decision. Could that decision be aided by an information system in any way, and if so, how?

Accepted Answer

The answer of In your position of office manager at...

Question 20

The first stage in Simon's decision-making process model is the design stage.

Accepted Answer

The first stage in Simon's decision-making process model is the intelligence stage, where the problem is identified and information is gathered.

Quiz 12: Enhancing Decision Making

A key business decision in your sporting goods manufacturing company is determining what suppliers to use for your raw materials. How can you determine if a manager in charge of selecting suppliers is making the best choice?

The implementation phase of Simon's decision-making model includes choosing among solution alternatives.

A structured decision is repetitive and routine, for which known procedures provide solutions.

Structured decision making is most prevalent at lower organizational levels.

Middle management face primarily unstructured decisions.

The dimension of ________ describes whether the structure of data is consistent within an information source.

The intelligence phase of decision making consists of discovering, identifying, and understanding the problems occurring in the organization.

Which of the following describes how the Simon framework of decision-making works in high-velocity decision environments?

A structured decision can be made by following a well-defined set of procedures. No "feel" or intuition is necessary.

The third stage in Simon's description of decision making is choice.

Behavioral models of management sees managers as being ________ than does the classical model.

The classical model of management does not address what exactly managers do when they plan, decide things, and control the work of others.

Explain why even well-designed information systems do not always help improve a firm's decision making.

A drawback to high-velocity, automated decision-making systems is that they are unable to

High-velocity decision making systems are growing rapidly for decisions classed as

Which of the following is not one of the five classical functions of managers?

Improving the quality of high-value decision making by an executive will save an organization far more money than improving the quality of lesser-value decisions made at a lower level.

Which quality dimension of information is concerned that the data values of an information source fall within a defined range?

In your position of office manager at a legal firm, you are in charge of hiring temporary legal assistants and clerical workers. Describe how Simon's decision-making process applies to this decision. Could that decision be aided by an information system in any way, and if so, how?

The first stage in Simon's decision-making process model is the design stage.