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Management Study Set 34
Quiz 7: Data and Decision Making
Path 4
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Question 61
Multiple Choice
A(n) _____ environment offers complete information on possible action alternatives and their consequences.
Question 62
Multiple Choice
Melissa, a manager in the customer service division of a company, usually makes decisions to resolve customer complaints based on her previous experiences and the standard procedures set by the company. The type of decision being made by Melissa is known as a _____ decision.
Question 63
Multiple Choice
The problems that are familiar, straight forward, and clear with respect to information needs are called _____ problems.
Question 64
Multiple Choice
Sumaira has been asked to prepare a report on the best advertising campaign for the new product her company is launching in a new market. The type of problem being faced by Sumaira in the above situation is a(n) _____ problem.
Question 65
Multiple Choice
A _____ decision applies a solution from past experience to a routine problem.
Question 66
Multiple Choice
Julio is devising a marketing plan for introducing his company's products into a new market. Julio comes up with customized marketing strategies that cater to the unique needs of the new market. All his decisions involve risk and uncertainty as he is unaware of the conditions in the new market. The type of decision being made by Julio in the above situation is called a _____ decision.
Question 67
Multiple Choice
_____ are open communicators, tend to be realistic, and emphasize both analysis and human relations.
Question 68
Multiple Choice
Judith has been asked to prepare a report comparing the profits the company earned in the current financial year in its domestic market and compare it with the previous year's report for the same market. The type of problem faced by Judith in the above scenario is a(n) _____ problem.
Question 69
Multiple Choice
The _____ are comfortable with unstructured situations, and they tend to be idealistic and prone toward intellectual and theoretical positions.
Question 70
Multiple Choice
Deepak tends to emphasize the impersonal and takes a logical approach to problem solving, but he usually avoids details. He is prone to intellectual and theoretical positions and is comfortable with unstructured situations. These traits show that Deepak is a(n) _____.
Question 71
Multiple Choice
A(n) _____ environment lacks complete information but offers "probabilities" of the likely outcomes for possible action alternatives.
Question 72
Multiple Choice
To assist in their promotions and appraisals, Ho Sook analyzed and graded the performance of her team members in the previous year. She is sure of her decisions and its possible outcomes as she had all the factual information. This type of environment that is ideal for decision making is known as a(n) _____.
Question 73
Multiple Choice
Dmitri values flexibility and human relations while making decisions. He prefers broad and global issues, tends to avoid details during problem solving, and is comfortable with intangibles. Dmitri is most likely a(n) _____.