Question 1

A few decades ago,Walmart opened stores in Germany.After a few years,it closed all of them.The shopping habits of Europeans differed so much from that of Americans that the stores could not become profitable.What was Walmart's mistake?

Accepted Answer

A)  It did not understand cultural differences.
B)  It did not create standards for good decision making.
C)  It did not know when it was time to call it quits.
D)  It did not use an effective decision-making process.

Question 2

What is intuitive decision-making? How does intuition affect the process of making a decision?

Accepted Answer

Intuitive decision making is the process...

Question 3

Structured problems align well with which type of decisions?

Accepted Answer

A)  programmed
B)  analogous
C)  organic
D)  nonlinear

Question 4

Unstructured problems ________.

Accepted Answer

A)  refer to the usual problems faced by organizations
B)  are generally solved using procedures,rules,and policies
C)  are accompanied by ambiguous or incomplete information
D)  do not require the decision maker to go through an involved decision process

Question 5

Belinda wants to introduce a new model to the product line.Three models are being developed.Belinda can choose only one.She has decided to focus on target market size,production costs,and net profits.These are Belinda's ________.

Accepted Answer

A)  alternatives
B)  criterion weights
C)  decision criteria
D)  problems

Question 6

What is the psychological orientation of a decision maker who makes a "maximin" choice?

Accepted Answer

A)  optimist
B)  realist
C)  pessimist
D)  idealist

Question 7

Design thinking suggests that managers should look at problem identification collaboratively and integratively with the goal of ________.

Accepted Answer

A)  unveiling a rational approach to address the situation
B)  analyzing the situation with deductive reasoning
C)  developing solutions which somehow seem inevitable
D)  gaining a deep understanding of the situation

Question 8

It is time for Jane to order aluminum tubing again.She typically orders from one of three vendors.She knows the price,delivery time,and quality of each vendor.In this situation,Jane has ________.

Accepted Answer

A)  certainty
B)  uncertainty
C)  risk
D)  structure

Question 9

Abby listened to the weather report this morning before work.As a result,she drove her car and carried an umbrella instead of riding her motorcycle to work.Whether she realizes it or not,Abby ________.

Accepted Answer

A)  analyzed criteria
B)  implemented a decision
C)  assigned weights to criteria
D)  evaluated a decision

Question 10

After identifying a problem,the next step in the decision-making process is ________.

Accepted Answer

A)  identifying decision criteria
B)  allocating weights to decision criteria
C)  analyzing alternatives
D)  developing alternatives

Question 11

Discuss structured problems,programmed decisions,unstructured problems,and nonprogrammed decisions.

Accepted Answer

Some problems are straightforward.The de...

Question 12

It is assumed that a rational decision maker ________.

Accepted Answer

A)  faces unclear and ambiguous problems
B)  is unlimited by his or her ability to process information
C)  is unaware of all the possible alternatives and consequences
D)  is fully objective and logical

Question 13

Bryan must select a new supplier for lighting fixtures for his company's mobile homes.He has decided quality is more important than price but price is more important than lead times.Bryan will use these priorities to ________.

Accepted Answer

A)  analyze alternatives
B)  set his decision criteria
C)  allocate weights to the criteria
D)  develop alternatives

Question 14

It hasn't rained in several days; therefore it is unlikely to rain today.This is an example of the ________.

Accepted Answer

A)  self-serving bias
B)  availability bias
C)  representation bias
D)  randomness bias

Question 15

An effective decision-making process ________.

Accepted Answer

A)  focuses on matters of importance
B)  focuses on consistency more than logic
C)  avoids subjective and intuitive thinking
D)  is complex but reliable

Question 16

One assumption of rational decision making is that the decision maker is not aware of all possible alternatives and consequences.

Accepted Answer

A) True 
 B)False

Question 17

Garrett looked at the list of orders for the coming week and made out the production schedule.He has done this so many times he could do it in his sleep.This situation represents ________.

Accepted Answer

A)  a structured problem
B)  an unstructured problem
C)  a linear problem
D)  a programmed problem

Question 18

To make effective decisions in today's fast-moving world,managers need to ________.

Accepted Answer

A)  build organizations that shun complexity
B)  know when it is time to call it quits
C)  ignore cultural differences
D)  build organizations that rely on their past successes

Question 19

When decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgments,they are exhibiting the ________.

Accepted Answer

A)  hindsight bias
B)  availability bias
C)  representation bias
D)  confirmation bias

Question 20

What can a manager do to make effective decisions in today's fast-moving world?

Accepted Answer

The following are a few guidelines that ...

Exam 2: Managers As Decision Makers

Structured problems align well with which type of decisions?

Correct AnswerverifiedShow Answer

Design thinking suggests that managers should look at problem identification collaboratively and integratively with the goal of ________.

Correct AnswerverifiedShow Answer

Bryan must select a new supplier for lighting fixtures for his company's mobile homes.He has decided quality is more important than price but price is more important than lead times.Bryan will use these priorities to ________.

Correct AnswerverifiedShow Answer

It hasn't rained in several days; therefore it is unlikely to rain today.This is an example of the ________.

Correct AnswerverifiedShow Answer

What is the psychological orientation of a decision maker who makes a "maximin" choice?

Correct AnswerverifiedShow Answer

It is time for Jane to order aluminum tubing again.She typically orders from one of three vendors.She knows the price,delivery time,and quality of each vendor.In this situation,Jane has ________.

Correct AnswerverifiedShow Answer

Belinda wants to introduce a new model to the product line.Three models are being developed.Belinda can choose only one.She has decided to focus on target market size,production costs,and net profits.These are Belinda's ________.

Correct AnswerverifiedShow Answer

It is assumed that a rational decision maker ________.

Correct AnswerverifiedShow Answer

Garrett looked at the list of orders for the coming week and made out the production schedule.He has done this so many times he could do it in his sleep.This situation represents ________.

Correct AnswerverifiedShow Answer

One assumption of rational decision making is that the decision maker is not aware of all possible alternatives and consequences.

Correct AnswerverifiedShow Answer

Abby listened to the weather report this morning before work.As a result,she drove her car and carried an umbrella instead of riding her motorcycle to work.Whether she realizes it or not,Abby ________.

Correct AnswerverifiedShow Answer

An effective decision-making process ________.

Correct AnswerverifiedShow Answer

Discuss structured problems,programmed decisions,unstructured problems,and nonprogrammed decisions.

Correct AnswerverifiedSome problems are straightforward.The de...View AnswerShow Answer

What can a manager do to make effective decisions in today's fast-moving world?

Correct AnswerverifiedThe following are a few guidelines that ...View AnswerShow Answer

What is intuitive decision-making? How does intuition affect the process of making a decision?

Correct AnswerverifiedIntuitive decision making is the process...View AnswerShow Answer

When decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgments,they are exhibiting the ________.

Correct AnswerverifiedShow Answer

A few decades ago,Walmart opened stores in Germany.After a few years,it closed all of them.The shopping habits of Europeans differed so much from that of Americans that the stores could not become profitable.What was Walmart's mistake?

Correct AnswerverifiedShow Answer

To make effective decisions in today's fast-moving world,managers need to ________.

Correct AnswerverifiedShow Answer

After identifying a problem,the next step in the decision-making process is ________.

Correct AnswerverifiedShow Answer

Unstructured problems ________.

Correct AnswerverifiedShow Answer

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Some problems are straightforward.The de...
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The following are a few guidelines that ...
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Correct Answer
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Intuitive decision making is the process...
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