Question 1

The process of choosing one alternative from among many alternatives is called

Accepted Answer

The process of choosing one alternative from among many alternatives is called decision making. Satisficing refers to choosing the alternative that meets the minimum criteria for acceptability, rather than searching for the best option. Problem solving refers to finding a solution to a specific problem. Bounded rationality refers to making decisions based on limited information and cognitive abilities.

Question 2

Individual ethics are personal beliefs about right and wrong behavior.

Accepted Answer

Individual ethics are subjective and based on personal values and beliefs about what is right and wrong.

Question 3

When Canine Companions for Independence trainers train a dog to be a service dog they start from a basic training approach.Dogs communicate through body language that the trainer knows.The trainer routinely makes ____ decisions.

Accepted Answer

Trainers make programmed decisions because they follow established procedures and routines based on their knowledge of dog behavior and training techniques.

Question 4

For a major project for his employer,Jason wants to choose the management consulting team that will give his employer the best outcome.Which decision criteria should Jason use to maximize effectiveness?

Accepted Answer

Jason needs to understand his employer's priorities and criteria for success to make an informed decision that aligns with the employer's goals.

Question 5

As it relates to decision making,the term best alternative implies decision accuracy and efficiency.

Accepted Answer

The term best alternative implies that there are multiple options to consider and the chosen alternative is the best among them, but it doesn't necessarily guarantee decision accuracy and efficiency. Other factors such as available information, bias, and external factors can also affect the decision-making process.

Question 6

The best alternative is the most ____ alternative.

Accepted Answer

The word "best" implies that the alternative should be the most effective in achieving a desired outcome, rather than simply efficient, controllable, profitable, or valid. Therefore, the most fitting choice is D, which means that the alternative is able to produce the intended result.

Question 7

People who work in ethical organizations do not face ethical decision.

Accepted Answer

Even in ethical organizations, employees may face ethical dilemmas and must make ethical decisions. However, in ethical organizations, there may be processes and support in place to help employees make ethical decisions and uphold ethical standards.

Question 8

The senior pastor at Princeton Alliance Church needs to select a pastor of adult ministry.This is an example of

Accepted Answer

The senior pastor is making a decision without knowing all the potential outcomes or the likelihood of each outcome, which is characteristic of decision making under uncertainty.

Question 9

At least one member of a group or team should be assigned the role of devil's advocate.

Accepted Answer

Having a devil's advocate in a group or team can be beneficial as it helps prevent groupthink and encourages critical thinking. The devil's advocate challenges the ideas presented, provides alternative perspectives, and asks tough questions to ensure that the group considers all possibilities and potential problems.

Question 10

The most common methods of group and team decision making are interacting groups,Delphi groups,and nominal groups.Increasingly,these methods of group decision making are being conducted online.

Accepted Answer

The statement accurately describes the most common methods of group and team decision making and how they are being conducted online.

Question 11

The administrative model of decision making describes how decisions are actually made as opposed to prescribing how they should be made.

Accepted Answer

The administrative model of decision making describes the process of how decisions are made in practice, including factors such as limited information, time constraints, and biases, rather than just presenting an idealized or theoretical model of decision making.

Question 12

According to the administrative model of decision making,managerial intuition is equivalent to random guesswork.

Accepted Answer

The administrative model of decision making recognizes the importance of managerial intuition, which is a combination of experience, expertise, and insight. It is not equivalent to random guesswork.

Question 13

Bar code scanning computers at checkout have greatly simplified the inventory ____ decisions.

Accepted Answer

Bar code scanning computers at checkout have pre-programmed software that automatically updates inventory levels, making it a programmed decision. The scanning process eliminates the potential for errors and minimizes the need for human judgment, increasing the accuracy of inventory management.

Question 14

"Decision making under risk" means the decision maker

Accepted Answer

Decision making under risk means that the decision maker has some data, but there is uncertainty about the outcome. Therefore, the decision maker has to estimate the decision data with some probability. Option A, B, and E are not true for decision making under risk, and option C is too optimistic as the decision maker cannot always know all the risks involved in the decision.

Question 15

A Delphi group is a consensus of expert opinion.

Accepted Answer

A Delphi group is a structured technique used to gather expert opinions and come to a group consensus. Typically, participants are selected for their expertise in a particular field and are anonymous to each other, ensuring that the consensus is based solely on the merits of their arguments rather than their personal reputations or influence.

Question 16

The term satisficing refers to the idea that people's rationality has limits.

Accepted Answer

The answer of The term satisficing refers to the idea...

Question 17

American,Robert Dudley,became CEO of BP during the huge task of cleaning up the oil spill and rebuilding trust after safety concerns became obvious.Regarding his career,Dudley has high risk propensity.

Accepted Answer

The statement mentions that Dudley has a high risk propensity in his career.

Question 18

Yum Brands is expanding its Chinese presence into smaller cities like Yiyang and Zhengzhou because larger cities are saturated.This is an example of a(n)____ decision.

Accepted Answer

This is a nonprogrammed decision because Yum Brands is expanding into new markets that are not part of their usual strategy of focusing on larger cities in China. This requires a more unique and specific approach to decision-making rather than following a pre-determined program or routine.

Question 19

Rahda offered to buy a home.Her realtor told her there is an 80% chance her offer price will be accepted.She is operating in a

Accepted Answer

Radha is operating in a state of risk because she knows the probability (80%) of her offer being accepted, which allows her to assess the likelihood of different outcomes.

Question 20

When a student chooses to study instead of going out with friends,he is engaged in

Accepted Answer

When a student chooses to study instead of going out with friends, they are making a decision about how to spend their time. This decision-making process involves weighing the pros and cons of each option and ultimately choosing the one that is deemed to be the best choice. Therefore, choice C, decision making, is the best answer.

Quiz 4: Managing Decision Making