26 May Question 46. (p. 94) __________ requires searching thoroughly for a comp
Question
46. (p. 94) __________ requires searching thoroughly for a complete range of alternatives, carefully assessing each alternative, comparing one to another and then choosing or creating the very best.
A. Benchmarking
B. Maximizing
C. Minimizing
D. Satisficing
E. Optimalizing
47. (p. 95) Making a decision that meets your goal is referred to as:
A. Optimization
B. Satisficing
C. Maximizing
D. Minimizing
E. Acceptability
48. (p. 95) Pat, the manager of a mental health facility, has a large number of decisions to be made because several of her assistants are on vacation. One of the decisions she has to make today is which paper clips to purchase for the clinic. She looks at the office supply catalog and picks the first one she sees that is priced acceptably. Pat is using ___________.
A. Minimizing
B. Optimizing
C. Satisficing
D. Incompetent as a manager
E. Putting off the decision
2
49. (p. 95) Managers who optimize their decisions will attempt to choose:
A. The first minimally acceptable alternative
B. Among those alternatives with known results
C. The least expensive alternative
D. That alternative that produces the least conflict
E. An alternative that achieves the best possible balance among several goals
50. (p. 95) To maximize is to:
A. Realize the largest possible production benefit
B. Involve as many people affected by the decision as possible in its design
C. Realize the best possible outcome
D. Utilize groupthink as individual decisions
E. Generate many alternatives for evaluation
: 2
51. (p. 95) Steve Hamilton of Hamilton Supply Co. needed to purchase a new hydraulic lift that was high in quality and durability, yet low in price. The lift he decided upon was neither the highest quality available, nor the lowest in price available, yet it had a good combination of attributes. Steve’s choice was:
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