Deck 6: Managerial Decision Making

Question 1

Which of the following attributes is not part of the administrative person model?

A) Model describes how managers actually make decisions
B) Decision maker is prepared to satisfice
C) Decision maker maximizes
D) Decisions are characterized by "bounded rationality"
E) Decision maker evaluates alternatives one at a time

Answer 1

C

Question 2

In which of Mintzberg's 10 managerial roles is the significance of managers' decisions much more pronounced?

A) Entrepreneur
B) Resource allocator
C) Disturbance handler
D) Negotiator
E) All of the above

Answer 2

E

Question 3

When a leader shares a problem with all members of a group, takes their views into account, and then makes a decision alone, that leader uses which of the following decision styles?

A) Autocratic
B) Democratic
C) Group
D) Consultative
E) Laissez faire

Answer 3

D

Question 4

All of the following are steps in the decision-making process except:

A) Select the best alternative
B) Generate all possible alternatives
C) Frame the problem
D) Identify opportunities and problems
E) Evaluate all possible alternatives

Question 5

Which of the following is not an attribute of a problem (decision) situation?

A) Time constraint
B) Feedback
C) Goal congruence
D) Geographical dispersion
E) Problem complexity

Question 6

When the best means are selected to achieve a given end, the decision is said to be which of the following?

A) Significant
B) Nonprogrammed
C) Programmed
D) Rational
E) Implicit

Question 7

Which of the following is the comprehensive and rigorous process of comparing several alternatives and selecting the best?

A) Economic person model
B) Administrative person model
C) Goal congruence process
D) Implicit favorite model
E) Programmed decision-making process

Question 8

Which of the following is not part of Vroom's attributes of decision styles?

A) Group support
B) Team competence
C) Leader's expertise
D) Decision significance
E) Group support for problems

Question 9

The emphasis in decision making as a cognitive process is on which of the following?

A) Rationality
B) Evaluating all possible alternatives
C) Choosing the best alternative
D) Clearly defining the problem
E) All of the above

Question 10

Which of the following is not considered an advantage of participative decision making?

A) Decisions tend to be more rational
B) Participants develop a sense of ownership
C) It creates a better understanding of the decision
D) It takes a long time to come to a decision
E) None of the above

Question 11

All of the following are steps in the implicit favorite model of decision making except:

A) Define the problem
B) Evaluate all implicit alternatives
C) Set decision criteria
D) Select the implicit favorite
E) Identify the implicit favorite

Question 12

All of the following are steps in the administrative person model of decision making except:

A) Define the problem
B) Set decision criteria
C) Generate a few alternatives
D) Set minimally acceptable criteria
E) Evaluate alternatives one at a time

Question 13

All of the following are steps in the classical model of decision making except:

A) Generate a few alternatives
B) Define the problem
C) Select the best alternative
D) Evaluate alternatives
E) None of the above

Question 14

Prospective student-athletes often employ which of the following measures of decision making when choosing a particular college or university to attend?

A) Economic person model
B) Administrative person model
C) Goal congruence process
D) Implicit favorite model
E) Programmed decision-making process

Question 15

Which of the following is the tendency for decision makers to persist with failing courses of action based on the fact that resources may have already been committed?

A) Escalating commitment
B) Economic person model
C) Goal congruence process
D) Non-programmed decisions
E) None of the above

Question 16

The quality of a decision is dependent not only on the information and expertise of those participating in the decision making, but also on their willingness to share their information and expertise when making a decision.

Question 17

A decision is said to be rational when the best means are selected to achieve a given end.

Question 18

In the economic person model, the decision maker is willing to accept an alternative that is minimally sufficient in meeting the goal.

Question 19

A problem is a situation that, when acted upon, could benefit the organization.

Question 20

A programmed decision differs from a nonprogrammed decision in that a nonprogrammed decision applies decision rules in response to recurring problems.

Question 21

The first step in the decision-making process requires the individual to state the problem in unambiguous terms.

Question 22

In the classical model of decision making, it is important to generate a few alternatives to provide yourself with some options for selection.

Question 23

The final step of the administrative person model of decision making is to select the first alternative that meets the criteria.

Question 24

According to Vroom's model of decision making, a critical question in every decision situation is whether the problem requires a quality decision.

Question 25

According to Vroom, the Group II method of decision making means the leader shares the problem with the group, gains members' input, and then makes the decision by him or herself.

Question 26

According to Vroom, when the situation dictates that more than one style or method of decision making would be appropriate, one should choose the method that is most participative in nature.

Question 27

The first step in _____________________ is to define the goal to be achieved or the problem to be solved.

Question 28

__________ is tendency for decision makers to persist with failing courses of action, sometimes because resources have already been allocated to such a course of action.

Question 29

_____________________ requires the decision maker to state the problem in unambiguous terms.

Question 30

A _____________________ decision is one made by applying decision rules in response to recurring situations or problems.

Question 31

If members are called upon to implement a marketing strategy, their __________ to the chosen strategy becomes critical.

Question 32

A(n) __________________ is a situation that reduces the effectiveness of an organization, whereas a(n) __________________ is a situation that, when acted upon, could benefit the organization.

Question 33

A decision is said to be __________________ when the best means are selected to achieve a given end.

Question 34

In the _____________________ model of decision making, the decision maker wishes to maximize the benefits and minimize the costs.

Question 35

Simon's _____________________ model is descriptive in that it describes how managers actually make decisions.

Question 36

In the _____________________ of decision making, it is critical to generate all possible alternatives to make a decision.

Question 37

In Simon's administrative person model, the decision maker is prepared to _____________________ rather than maximize.

Question 38

If a group is poorly integrated and is marked by conflicts among cliques within the group, the leader should be very careful in engaging that group in __________.

Question 39

The commissioner of the PGA makes a decision to add two tournaments to the schedule for the upcoming year; this is an example of a(n) ______________________ decision.

Question 40

The board of directors of the PGA decides not to allow any additional tournaments to be added the tour schedule for the upcoming year; this is an example of a(n) _____________________ decision.

Question 41

According to the implicit favorite model of decision making, once the decision maker has identified the implicit favorite, the subsequent processes are said to be geared to _____________________ the favorite choice.

Question 42

In the _____________________ model of decision making, the decision maker is said to cultivate a preference for one alternative early in the search.

Question 43

_____________________ is the amount of quality information and knowledge a person has in relation to a problem at hand.

Question 44

Three of the seven attributes of problems outlined by Vroom are (a) __________, (b) __________, and (c) __________.