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Get faster at matching terms Terms in this set (24)Decision making is defined as: the act of choosing one alternative from among a set of alternatives. The decision to have regular meals during the day is an example of a(n) _____ decision. programmed -A programmed decision is one that is relatively structured or recurs with some frequency (or both) Marina has been working as a waitress at a restaurant for the past ten years. For the first time, she was falsely accused of robbery by her manager. Feeling humiliated, Marina decides to quit her job. Marina's decision to quit her job is an example of a(n) _____ decision. nonprogrammed - Nonprogrammed decisions are relatively unstructured and occur much less often in comparison with programmed decisions The classical model of decision making assumes that:
managers are rational and logical in their thought processes. -It is a prescriptive approach that tells managers how they should make decisions. Which of the following is the first step in evaluating alternatives in rational decision making? determination of feasibility of the alternatives. Rodney, the principal of a school, believes that the poor performance of students in economics is due to the poor quality of teaching. In order to remedy the situation, Rodney hires a new economics teacher. However, the
students continue to perform poorly. Following the steps of rational decision making, which of the following steps should Rodney's take next after hiring the new economics teacher? He should evaluate the teaching quality of the new teacher. -The final step in the decision-making process requires that managers evaluate the effectiveness of their decision—that is, they should make sure that the chosen alternative has served its original purpose Which of the following is a difference between the classical model and the administrative model of decision making? Unlike the administrative model of decision making, the classical model explains how managers can at least attempt to be more rational and logical in their approaches to decisions. Charlotte was asked to select a suitable material supplier for her boutique over the weekend. Since Charlotte had plans of
meeting her friends during the weekend, she did not choose the best supplier for her boutique. Instead, she selected the first supplier who met the minimum standards. Charlotte's decision-making strategy is an example of _____. satisficing -Satisficing is the tendency to search for alternatives only until one is found that meets some minimum standard of sufficiency. A group of laborers decide to form a union to demand higher wages. This is an example of the behavioral element of _____ in decision making. political forces -One major element of politics, coalitions, is especially relevant to decision making. A coalition is an informal alliance of individuals or groups formed to achieve a common goal. _____ are decision-making groups or teams in which members openly discuss, argue about, and agree on the best alternative. interacting groups Hot Cup Inc. examines the potential of a new tea product. It engages a panel of experts to individually and anonymously
state their opinions. It then averages the opinions and asks the experts for another prediction or justification. It takes the average prediction to represent the decision of the group of experts. Hot Cup Inc. uses a(n) _____ for decision making in this scenario. delphi group -The Delphi procedure solicits input from a panel of experts who contribute individually Unlike the Delphi method, in the nominal group decision-making method, _____. members are brought together in a face-to-face setting Unlike programmed decisions, nonprogrammed decisions are: a. used for standard organizational transactions. relatively unstructured and occur much less often. A condition in which a decision maker knows with reasonable surety what the alternatives are and what conditions are associated with each alternative is called a _____. a. state of uncertainty state of certainty Selena fractures the radial bone in her forearm. Her surgeon advises her to undergo a surgery in which a steel plate would be inserted to support the bone. He explains to her that after the surgery there would be only a 70 percent chance of regaining complete movement in the arm and a 30 percent chance of completely losing arm functionality. Selena decides to proceed with the surgery. In this scenario, Selena's decision making process is an example of _____. a. decision making under a state of certainty decision making under a state of risk. Satisfactoriness refers to: a. what extent a particular alternative influences an organization. how well an alternative fulfills the conditions of a decision situation. -When an alternative has passed the test of feasibility, it must next be examined to see how well it satisfies the conditions of the decision situation Omar decides to buy a pair of running shoes from a store. He likes three pairs of running shoes at the store. Following the steps of rational decision-making process in deciding which pair to buy, which of the following should be Omar's next step? a. He should reconsider whether he actually needs to buy a pair of running shoes. evaluate the feasibility of each pair of running shoes. -After identifying alternatives, the third step in the decision-making process is evaluating each of the alternatives. Each alternative must be evaluated in terms of its feasibility, its satisfactoriness, and its consequences The final step in the decision-making process requires that mangers: a. select from a set of potential alternatives. evaluate the effectiveness of their decision—that is, they should make sure that the chosen alternative has served its original purpose. If an implemented alternative appears not to be working, the manager can respond in several ways Which of the following is true of bounded rationality? a. It suggests that decision makers make decisions after attaining complete information and knowledge. suggests that decision makers are limited by their values and unconscious reflexes, skills, and habits. -They are also limited by less-than-complete information and knowledge. Which of the following is true of satisficing? a. It suggests that decision makers go through the six steps of decision-making process before they finalize
on the best option. It suggests that decision makers search only until they find an alternative that meets some minimum standard of sufficiency. -Subjective and personal considerations often intervene in decision situations Lana, the owner of a high-end boutique, claims she selects items for her boutique purely on a hunch. Based on Lana's claim, which of the following is true of Lana's decision-making process? a. Lana uses the Delphi technique in her decision-making process. Lana uses intuition in her decision-making process. -Intuition is defined as an innate belief about something, without conscious consideration Which of the following is an advantage of the interacting group decision-making method? a. Interaction among people can spark new
ideas. Interaction among people can spark new ideas -A major disadvantage, though, is that political processes can play too big a role Which of the following is true of nominal groups? a. The members represent
a group in the true sense. The members do not freely interact with each other. -The members represent a group in name only, however, they do not talk to one another freely like the members of interacting groups Harriet is very quiet by nature. Recently, she participated in a team discussion in her office to decide their monthly goal. Even though Harriet had some good suggestions and wanted to speak, she was unable to get in a word because Simon, another team member, spoke most of the time. In this scenario, which of the following drawbacks of group decision making is most evident? a. The group may be dominated by a single person. The group may be dominated by a single person. -Sometimes one individual dominates the group process to the point where others cannot make a full contribution. This dominance may stem from a desire for power or from a naturally dominant personality. Recommended textbook solutionsNumerical Analysis9th EditionJ. Douglas Faires, Richard L. Burden 873 solutions Elementary Number Theory7th EditionDavid Burton 776 solutions Advanced Engineering Mathematics10th EditionErwin Kreyszig 4,134 solutions Complex Analysis: A First Course with Applications3rd EditionDennis G. Zill, Patrick D. Shanahan 1,433 solutions Sets found in the same folderCH 6 Questions36 terms caitedwa CH 20 Questions36 terms caitedwa CH 7 Questions42 terms caitedwa MGMT 309 - Exam 2 (Ch. 5-8)126 terms hannah_peine6 Other sets by this creatorExam 1 Book Notes40 terms caitedwa Exam 163 terms caitedwa Midterm66 terms caitedwa 381 CH 237 terms caitedwa Verified questionsADVANCED MATH Show that if r = 0.02, investment 2 has a larger NPV than investment 1. Verified answer
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ADVANCED MATH A rectangle has perimeter 23 cm. Its area is $33 \mathrm { cm } ^ { 2 }$ Determine the dimensions of the rectangle. Include a diagram in your solution. Verified answer
ADVANCED MATH Mengxi has $10 000 to invest. She invests part in a term deposit paying 5%/year, and the remainder in Canada Savings Bonds paying 3.5%/year. At the end of the year, she has earned simple interest of$413. How much did she invest at each rate? Verified answer Other Quizlet sets727 terms chyeahhxitspaige Psych - Chapter 2 biological perspective68 terms cailynnsmommy7 Final CA Experience18 terms ablanco89 Othello: Act 2 Quotes12 terms natascha_p Related questionsQUESTION The tendency for members of highly cohesive groups to conform to group pressures so strongly that they reject the potentially correcting influence of outsiders is known as: 9 answers QUESTION Continuing to support a failing course of action is known as the: 15 answers QUESTION is the process of estimating the value of a categorical outcome variable. 2 answers QUESTION Affects the purchasing decision by providing technical information or other relevant (internal or external) information 4 answers Which of the following represents an informal alliance of individuals who seek to achieve a common goal?A coalition is an informal alliance of individuals or groups formed to achieve a common goal.
Which of the following best describes the assumptions made by researchers of the behavioral approach to leadership?Which of the following statements Best describes the assumptions made by researchers of the behavioral approach to leadership? Behaviors of effective leaders are the same in all situations.
Which one of the following types of leaders energizes others?Charismatic Leadership. Charismatic Leadership is the leadership style that comes with a personality that people just love. These leaders inspire, motivate and energize the team.
Which of the following is the name for choosing one alternative from among several options?Selecting one from the various alternatives is called decision making.
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