Upgrade to remove ads Show
Only ₩37,125/year
Terms in this set (19)C. programmed Decisions that have been made many times in the past and for which managers have rules and guidelines about how to make similar decisions in the future are known as ________________ decisions. B. They establish rules and guidelines. What do managers do to regulate routine activities? E. nonprogrammed Nonroutine decisions made in response to novel situations in business are known as ________________ decisions. B. Nonprogrammed An organization that has been focusing on a target market located in the eastern part of the United States is attempting to decide whether to expand its sales to the West Coast of the United States. Which of the following types of decisions is being taken by the organization? B. prescriptive. The classical model of decision making specifies how decisions should be made by managers; this is a way of saying that this model of decision making is: B. Bounded rationality In the administrative model of decision making, when the number of possible alternatives to a decision is so large that the manager cannot possibly evaluate all of them before making a decision, which of the following has occurred? D. uncertainty. When managers cannot assign probabilities of future occurrence to possible alternatives with a decision, this is known as: D. satisficing. A manager considers a limited sample of the potential alternative solutions for a problem and selects one that is acceptable instead of attempting to select the optimum solution. This type of decision is called: B. Learn from feedback With reference to the steps of decision-making process, which of the following is the last step in the managerial decision-making process? C. economic feasibility. Esteban, a manager, performs a financial analysis of several investment alternatives in order to determine which alternative is most likely to impact the organization's profitability. Esteban is focusing on: D. recognize the need for a decision. Based on the work of March and Simon's administrative model of decision making, the first step in the managerial decision-making process is to: A. Practicality Kathleen, a manager, is attempting to determine whether she has both the capability and the resources to produce one of several possible new products. In the context of decision making, on which of the following criteria of alternative courses of action is Kathleen focusing? C. Groupthink The marketing managers of Rudolf Ltd., strive so hard to agree on an important decision to launch a product that they ignore information that a similar product already exists in the market and that the barriers to entry into the market are high. This refers to which of the following decision-making processes? A. learning. Managers can increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastically alter their task environments so that they can continually increase organizational performance through organizational: A. personal mastery. A. To create a learning organization, managers must empower employees and allow them to experiment, create, and explore what they want through developing a sense of: B. mental models. Adrian, a manager of the research and development team of an organization, challenges his subordinates to "think outside the box" to improve the way the unit does its work. Adrian is focusing on: D. shared vision A sales manager talks with his subordinates about the way they should treat customers. The sales manager is focusing on the __________________ aspect of creating a learning organization. E. systems thinking The idea that one level of learning affects other levels is part of the __________________ principle of creating a learning organization. D. Nominal group technique In a meeting, after hearing a member describe a problem to be addressed, all other members of the group first wrote down ideas and solutions. After this, everyone shared those suggestions without criticism. The group, one by one, clarified, critiqued, and then discussed the alternatives in the sequence in which they were first proposed. Finally, each member ranked all the alternatives, and the highest-ranking alternative was chosen. Which of the following decision-making techniques is being implemented? Recommended textbook solutions
 Advanced Engineering Mathematics10th EditionErwin Kreyszig 4,134 solutions Book of Proof2nd EditionRichard Hammack 340 solutions A Transition to Advanced Mathematics8th EditionDouglas Smith, Maurice Eggen, Richard St. Andre 642 solutions
Advanced Engineering Mathematics8th EditionErwin Kreyszig 3,547 solutions Sets with similar termsCH4-7, Principles of Management Ch. 5118 terms Mikiebo MGMT: Ch. 521 terms ovellone Management Chapter 533 terms Magali_Chapa Chapter 752 terms erb96 Sets found in the same folderMGT MIDTERM CH 1,2,3,460 terms hayeskk6 Chapter 4 Managing in the global environment MG37142 terms bigt65 Week #2: Ch's 3 & 4: MG371-Ch 3; Managing Ethics a…101 terms Shangabe1234 MG371 Final Exam161 terms DDale314 Other sets by this creatorNCOA Volume 3169 terms athena_y 2T251 Volume 219 terms athena_y 2T251 Volume 3106 terms athena_y 2T251 Volume 1100 terms athena_y Verified questions
ADVANCED MATH Two competing firms are deciding whether to locate a new store at point A, B, or C. There are 52 prospective customers for the two stores. Twenty customers live in village A, 20 customers live in village B, and 12 customers live in village C. Each customer will shop at the nearer store. If a customer is equidistant from both stores, then assume there is a chance that he or she will shop at either store. Each firm wants to maximize the expected number of customers that will shop at its store. Where should each firm locate its store? (AB = BC = 10 miles.) Verified answer
ADVANCED MATH A basketball shot is taken from a horizontal distance of 5 m from the hoop. The height of the ball can be modelled by the relation $h = - 7.3 t ^ { 2 } + 8.25 t + 2.1$ where h is the height, in metres, and t is the time, in seconds, since the ball was released. a) From what height was the ball released? b) What was the maximum height reached by the ball? c) If the ball reached the hoop in 1 s, what was the height of the hoop? Verified answer
ADVANCED MATH Assume that each of the following strings, ending with a parity check bit, was received correctly except for a missing bit indicated with a question mark. What is the missing bit? a) 1?11111, b) 000?10101, c) ?0101010100. Verified answer
ADVANCED MATH Find the sequence obtained from the super-increasing sequence (1, 3, 5, 10, 20, 41, 81) when modular multiplication is applied with multiplier w = 17 and modulus m = 163. Verified answer Other Quizlet setskapittel 114 terms hannahmyklebust9 Visual History of the U.S CDE Review Final37 terms Sarah_Mummey ECON 2020-Final Practice Questions75 terms Juliamariesalomon KNH409 Ch.12 Final Exam (Eating Disorder…331 terms abbyln16PLUS Related questionsQUESTION Is a method of budget formulation that recognized our tendency to assume that the base anchor is a valid number. 5 answers QUESTION When decision makers assess the likelihood of an event based on how closely it resembles other events 4 answers QUESTION refers to selecting choices among alternative courses of action, which may also include inaction... 12 answers QUESTION routine, virtually automatic, decision making that follows established rules or guidelines 15 answers When managers know the possible outcomes of a decision and can assign probabilities?When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future, this is known as: risk.
When a manager chooses an acceptable alternative instead of the optimum alternative we say that a Satisficing decision has occurred?When a manager chooses an acceptable alternative instead of the optimum alternative, we say that a satisficing decision has occurred. The first step in decision making that a manager needs to take is generate a set of feasible alternative courses of action in response to the opportunity or threat.
What are the four types of managerial decisions?Types of Decision Making – 4 Types of Decisions that are Usually Taken by Managers in the Organization: Programmed, Non-Programmed, Operational, Strategic and a Few Others. Decision may be classified under various categories based on the scope, importance and the impact.
What are the 3 types of managerial decisions based on levels of management?The management decisions are classified into three levels or categories:. Strategic Production Planning: Strategic planning involves deciding and developing strategic plans to achieve strategic objectives (or goals). ... . Tactical Production Plan: ... . Operational Level Production Planning:. |
When managers Cannot assign probabilities of future occurrence to possible alternatives to a decision this is known as?
zusammenhängende Posts
Urheberrechte © © 2024 decemle Inc.
