24 May Question 51. ____ is the last step in the decision making process.
Question
51. ____ is the last step in the decision making process.
| a. | Evaluation and feedback |
| b. | Development of alternatives |
| c. | Implementation of chosen alternative |
| d. | Selection of desired requirement |
| e. | Recognition of decision requirement |
52. “When did it occur” and “how did it occur” are questions associated with which step of the decision making process?
| a. | Diagnosis and analysis of causes |
| b. | Recognition of decision requirement |
| c. | Development of alternatives |
| d. | Selection of desired alternative |
| e. | None of these |
53. The recognition of the decision requirement step in the managerial decision making process requires managers to
| a. | develop alternative solutions. |
| b. | integrate information in novel ways. |
| c. | use the classical model of decision making. |
| d. | focus on generating ideas. |
| e. | select undesirable alternatives. |
54. The decision-maker must ____ once the problem has been recognized and analyzed.
| a. | evaluate and provide feedback |
| b. | choose among alternatives |
| c. | generate alternatives |
| d. | prioritize the alternatives |
| e. | reanalyze the problem |
55. For a programmed decision,
| a. | alternatives are usually difficult to identify. |
| b. | alternatives are usually easy to identify. |
| c. | there are usually few alternatives. |
| d. | there are usually few alternatives and they are difficult to identify. |
| e. | there are no alternatives. |
56. Ryan is a manager at Dream Catchers. Dream Catchers is currently operating in an environment of high uncertainty. As a result, Ryan will
| a. | likely be making programmed decisions. |
| b. | probably have an easy time generating alternatives. |
| c. | probably have a difficult time generating alternatives. |
| d. | likely rely on the classical model of decision making. |
| e. | wait until environment becomes certain. |
57. Once the desired alternative is developed, it should be
| a. | analyzed. |
| b. | evaluated. |
| c. | selected. |
| d. | recognized. |
| e. | identified. |
58. Which of the following refers to the willingness to undertake risk with the opportunity to increase one’s return?
| a. | Tunnel vision |
| b. | Risk propensity |
| c. | Risk averse |
| d. | Thrill seeking |
| e. | Ineffective investment philosophy |
59. The ____ step in the decision making process involves using managerial, administrative, and persuasive abilities to translate the chosen alternative into action.
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