FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 8: Decision Making and Problem Solving

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 41

Multiple Choice

Review LaterAdd Note

Review Later

When arises a decision maker questions the decision made and searches for information to bolster it.

A) Post-decision uncertainty
B) Conflict reduction
C) Rationalization bias
D) Cognitive dissonance
E) Positive reinforcement

Correct Answer

verified

Show Answer

Question 42

Short Answer

Review LaterAdd Note

Review Later

Under conditions, little information about the outcomes is available, but the decision maker is able to estimate the probability of occurrence of each alternative.

Correct Answer

verified

Show Answer

Question 43

Multiple Choice

Review LaterAdd Note

A decision maker's actions are guided by

If a human resources manager can estimate the probability that a certain percentage of employees will take advantage of a proposed benefit plan, the manager is operating under a condition of

In the decision maker searches until an alternative is found that meets minimal requirements of the problem.

The approach to decision making combines the worthwhile features of the behavior and rational approaches to making decisions.

The decision maker who lacks enough information to estimate the probability of outcomes faces a condition of uncertainty.

is the period of less intense conscious concentration during which the knowledge and ideas acquired during preparation mature and develop.

Contingency plans are alternative actions that can be taken if the primary course of action is disrupted or rendered inappropriate.

Examining alternatives only until a solution that meets minimal requirements is found and then ceasing to look for a better one is called .

The decision-making conditions of certainty, uncertainty, and risk are relevant while the decision maker is

Post-decision refers to the doubt, tension, or regret that often follows making a decision when more than one alternative was attractive.

The sales department at a local company indicates that product A will greatly increase sales but require a long production schedule (which is bad for the manufacturing group) , while product B will moderately boost sales and have a shorter production schedule.In choosing product B, the sales department is

involves comparison of alternatives with inner moral standards.

Managers who are cautious and try to adhere to the rational decision- making model

plans are alternative actions that are an important part of the choice phase of making decisions.

Decision making is choosing one alternative from among several.

A crucial assumption of the behavioral approach to decision making is that decision makers operate with bounded rationality rather than with the perfect rationality assumed by the rational approach.

Nonprogrammed decisions are usually made by

The rational decision-making process assumes that managers follow a systematic, step-by-step process.