Managing decision making

What is one of the factors that makes an alternative infeasible? a. Increase in production capacity b. Increased satisfactoriness c. Decrease in expenditure d. Low costs e. Legal barriers

legal barriers

Keisha is the vice president of accounting, and she has to decide which computer software to purchase for her department. She has looked at all of the possible alternatives and is leaning toward the system with which she is most familiar. This is an example of _____. a. satisficing b. escalation of commitment c. optimizing d. synergy e. bounded rationality

bounded rationality

Which concept suggests that decision makers are limited by their values and unconscious reflexes, skills, and habits? a. Bounded rationality b. Escalation of commitment c. Risk propensity d. Groupthink e. Satisficing

bounded rationality

Tariq is determining which supplier is most likely to meet his supply needs at the most reasonable cost. As he identifies feasible alternatives, Tariq is engaging in _____. a. decision making b. social loafing c. brainstorming d. optimizing e. rationalizing

decision making

According to the classical decision model, decision makers _____. a. are not able to eliminate uncertainty b. never make errors even under uncertain conditions c. have complete information about the decision situation d. are prone to error even in seemingly certain conditions e. choose solutions that are in their personal best interests

have complete information about the decision situation

Delta Corp. introduced a new set of policies, giving its employees more flexibility in work hours. This decision was made in response to complaints from employees about fatigue. Which step of the rational decision-making process is illustrated in the scenario? a. Implementing an alternative b. Selecting the alternative c. Evaluating decision effectiveness d. Evaluating the possible alternatives e. Defining the situation

implementing an alternative

Nutrimax Inc. sponsors a football championship in Oriel in August every year. The Oriel regional manager of Nutrimax sends across a check to the Oriel Football Association (OFA) in July of each year in order for them to prepare for the championship. The regional manager's decision about when to send the check to the OFA is a(n) _____ decision. a. satisficing b. unstructured c. contingency d. programmed e. intuitive

programmed

Mikel has just received an offer from the property management company on the lease of a new office. Mikel must decide if he wants to make a counteroffer, with the potential of losing the deal, or accept the offer. The negotiator is making this decision in a condition of _____. a. uncertainty b. risk c. pressure d. certainty e. ambiguity

risk

As the most common form of decision-making groups, which of the following includes members who openly discuss, argue about, and agree on the best alternative? a. Nominal group b. Focus group c. Team d. Delphi group e. Coalition

team

When budget cuts were announced at the organization, Destanti considered layoffs, salary freezes, and cutting benefits of her employees to manage the new, lower budget. Because of a large project deadline, Destani did not feel she could lay off employees. Her rationale was that layoffs at this time _____. a. were not rational b. were was not satisfactory c. were not bounded in reality d. were not feasible e. had negative consequences

were not feasible